Journal of Real Estate Literature · 2014 · 15 citations · 1 references
BusinessBuilding ScienceReal EstateBuilt EnvironmentReal Estate DevelopmentResidential Real EstateProperty Value ImpactsReal Estate Development EconomicsResidential ConstructionResidential DensityResidential DevelopmentResidential Property ManagementNatural GasNatural Gas Pipeline SitingPipeline Easement ValuationResidential Property ClassificationResidential Property PricesResidential Property Returns
We use hedonic regression models to study the effects of proximity to a natural gas pipeline on residential property values in a master-planned community in Clark County, Nevada. The study covers over two decades, from the initial build-out of the area through the real estate boom and bust of the 2000s. We do not find any effects associated with proximity to the natural gas pipeline, either at or after the time of the initial takings, after a later change in the allowable pressure on the pipeline, or after the 2010 incident in San Bruno, California.
1