Open Access

Urban Stream Restoration Projects: Do Project Phase, Distance, and Type Affect Nearby Property Sale Prices?

Maya Jarrad, Noelwah R. Netusil, Klaus Moeltner, Anita T. Morzillo and J. Alan Yeakley

Article Figures & Data

  • Table 1

    Property Characteristics of Transaction Pairs

    VariableMeanStd. Dev.Min.Max.
    Transaction year (first transaction)1996.95.819882013
    Transaction year (second transaction)2003.56.119892014
    Home age (first transaction, years)46.229.41138
    Home age (second transaction, years)52.829.32143
    Price (first transaction, 2014 dollars)193,092108,22920,6221,986,377
    Price (second transaction, 2014 dollars)254,099124,35320,3241,878,857
    Distance to central business district (feet)35,87418,5905,387109,487
  • Table 2

    Transaction Pairs by Distance, Project Phase, and Project Type

    VariableFloodplain RestorationImprove Fish and Wildlife HabitatMitigate Storm Water RunoffWetland RestorationRemove Invasives and Revegetate
    0 to 0.25 km Distance
    Preproject phase (–3 to –1 years)128218431231,052
    Project phase (0 to 2 years)85229778809931
    Postproject phase (3 to 5 years)6424233134815
    Mature phase (6+ years)5428527161753
    0.25 to 0.5 km Distance
    Preproject phase2896581033082,280
    Project phase2047261,8301,9522,074
    Postproject phase145711933101,770
    Mature phase106773614181,686
    0.5 to 1 km Distance
    Preproject phase1,0062,4093561,3015,830
    Project phase8012,4365,6965,8085,320
    Postproject phase6322,3592171,0764,497
    Mature phase5112,2411341,4434,145
  • Table 3

    Models 1 and 2 Estimated Coefficients, Standard Errors in Parentheses

    VariableModel 1: DistanceModel 2: Distance, Phase
    0 to 0.25 km distance0.0020 (0.0075)
       Preproject phase (–3 to –1 years)–0.0014 (0.0088)
       Project phase (0 to 2 years)0.0182** (0.0093)
       Postproject phase (3 to 5 years)0.0019 (0.0095)
       Mature phase (6+ years)0.0114 (0.0101)
    0.25 to 0.5 km distance–0.0202*** (0.0055)
       Preproject phase–0.0020 (0.0055)
       Project phase–0.0048 (0.0053)
       Postproject phase–0.0071 (0.0054)
       Mature phase–0.0447*** (0.0075)
    0.5 to 1 km distance–0.0184*** (0.0034)
       Preproject phase–0.0108*** (0.0038)
       Project phase–0.0076* (0.0040)
       Postproject phase–0.0087** (0.0041)
       Mature phase–0.0143*** (0.0047)
    Home_Age–0.0355*** (0.0011)–0.0308*** (0.0011)
    UGB0.1522*** (0.0202)0.1389*** (0.0197)
    R20.50640.5008
    Number of observations55,76655,766
    • *, **, *** Significance at the 10%, 5%, and 1% level, respectively.

  • Table 4

    Model 3 Distance, Type, Phase Estimated Coefficients

    VariableMitigate Storm Water RunoffFloodplain RestorationRemove Invasives and RevegetateWetland Restoration
    0 to 0.25 km Distance
    Preproject phase (–3 to –1 years)  0.0651 (0.0442)  0.0361 (0.0296)  0.0104 (0.0102)–0.0628** (0.0300)
    Project phase (0 to 2 years)  0.0691* (0.0362)–0.0508 (0.0320)  0.0131 (0.0139)–0.0573* (0.0348)
    Postproject phase (3 to 5 years)–0.0032 (0.0535)  0.0122 (0.0379)  0.0209* (0.0116)–0.0381 (0.0303)
    Mature phase (6+ years)  0.0330 (0.0579)  0.1025** (0.0471)  0.0079 (0.0123)–0.0698*** (0.0265)
    0.25 to 0.5 km Distance
    Preproject phase–0.0324 (0.0280)–0.0055 (0.0196)–0.0058 (0.0068)–0.0319* (0.0194)
    Project phase  0.0156 (0.0240)  0.0101 (0.0229)–0.0119 (0.0091)–0.0082 (0.0229)
    Postproject phase  0.0095 (0.0289)–0.0081 (0.0272)–0.0300*** (0.0080)–0.0540*** (0.0211)
    Mature phase  0.0095 (0.0358)–0.0369 (0.0350)–0.0052 (0.0085)–0.0556*** (0.0185)
    0.5 to 1 km Distance
    Preproject phase–0.0443*** (0.0160)–0.0402*** (0.0107)–0.0160*** (0.0043)–0.0204** (0.0096)
    Project phase–0.0107 (0.0133)–0.0260** (0.0115)  0.0018 (0.0056)–0.0101 (0.0128)
    Postproject phase  0.0207 (0.0205)–0.0695*** (0.0133)–0.0026* (0.0051)–0.0352*** (0.0117)
    Mature phase–0.0389* (0.0237)–0.0414*** (0.0159)–0.0096 (0.0056)–0.0454*** (0.0108)
    • Note: N = 55,766, R2 = 0.5073. Standard errors in parentheses.

    • *, **, *** Significance at the 10%, 5%, and 1% level, respectively.