John Hennessy III,
P.E.
This video is about Grand Central Station here in New York City. But not really the station itself, but the air above it. You can’t put a price on the station, a priceless architectural treasure, but you can put a price on the air up there. In fact, that air is worth $250 million dollars. This video is all about the idea of transferrable development rights and how you can pull $250 million dollars out of thin air.
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UNIVERSITY OF CONNECTICUT
LAWRENCE BERKELEY NATIONAL LABORATORY
This study investigates a common concern of people who live near planned or operating wind developments: How might a home’s value be affected by the turbines? Previous studies on this topic, which have largely coalesced around non-significant findings, focused on rural settings. Wind facilities in urban locations could produce markedly different results. Nuisances from turbine noise and shadow flicker might be especially relevant in urban settings, where negative features, such as landfills or high voltage utility lines, have been shown to reduce home prices. To determine if wind turbines have a negative impact on property values in urban settings, this report analyzed more than 122,000 home sales, between 1998 and 2012, that occurred near the current or future location of 41 turbines in densely-populated Massachusetts communities.
URBAN LAND INSTITUTE
This report explores an issue that has risen to become one of the most immediate challenges for sustainable development: financing energy efficiency improvements in real estate. It also seeks to provide an overview of how emerging public policies combine to form a new backdrop for real estate investment.
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