Natural Gas Pipeline – Property Value Devaluation
Property values plunged on parcels whose owners sought relief through the Atlantic Coast Pipeline reassessment hearing process, according to a property records search conducted in Highland and Nelson Counties by the Blue Ridge Environmental Defense League.
The construction of the proposed pipeline and resultant losses in property value are devastating for directly affected landowners. Pipelines drive down property values substantially, limiting landowner’s use of their properties and leading to an increased real estate tax rate for every property owner.
Why do I need to be concerned with sustainable economic development?
Sustainable Economic Development is a term many recognize and few understand. The simplest and most commonly accepted definition comes from the United Nations World Commission on Environment and Development. In the Bruntland Commission report, sustainable economic development is defined as “[development that]…meets the needs of the present without compromising the ability of future generations to meet their own needs.” In broader terms, sustainable economic development should improve the quality of life of employees and the community, while protecting public health and the environment.
Clinch River Nuclear Site is located in Roane County, Tennessee, about 25 miles from Knoxville. In 2016 Tennessee Valley Authority submitted an application asking for approval of its Clinch River…