Researchers from Clarkson University are gearing up to study the impacts of water pollution on property values across 26 counties in upstate New York.
Funded by a two year NYSERDA grant, researchers will study water quality data and correlate that with property sales over the past decade. And there’s already evidence of a relationship between the two.
In a recent study, economics professor Martin Heintzelman - who’ll be working on the new study – found that high water acidity lowered property prices in the Adirondacks by up to 24 percent.
New York today enters into the sixth year of a defacto moratorium on whether to allow hydrofracking in the state. Business and industry groups are expressing dismay over what they say is too long a delay.
In the summer of 2008, then Gov. David Paterson and the legislature imposed an actual moratorium in New York on the gas drilling process known as hydrofracking. After it expired, Gov. Andrew Cuomo’s environmental agency began an extended review.