Estimating the Impact of Riverfront Redevelopment Upon Property Prices in Western and Central Wisconsin : A Hedonic Study

Abstract

This study estimates the effect of riverfront development on property prices within the study region. Using property sales data over the period 2014 –2017 for four Central and Western Wisconsin cities applied to a single stage hedonic model we estimate that while distance from the river has a significant impact upon property price the linear distance to a given level of development has little –if any –impact upon single-family home prices.