THE leading wind turbine appraisal expert in the USA has spoken, and what he said is not good for BigWind. Here, in Ohio, we must be thankful for our legislature, last year. They approved INcreased setbacks from property lines for industrial wind turbines – although still woefully Inadequate. Additionally, it was refreshing to see our Governor approve a ‘freeze’ on our renewable energy standards. Both of these legislative victories have given us time to gather more information, like this, about the negative impacts that industrial wind turbines can have on our property, communities, citizens, businesses and economy…
Michael McCann, of McCann Appraisal, LLC, a Chicago-based company, testified about property values and how they are negatively affected when wind turbines are installed.
He said he has 33 years experience in appraising many types of commercial real estate, land and special use properties. He also has extensive litigation experience, qualified as an expert witness in over 20 states, and has testified at federal and state trials, zoning hearings, utility siting boards and arbitration. He has also done work for other wind farm projects throughout the United States….
He also illustrated reasons for people to sell property with a turbine on or near it include health impacts….
He also listed issues he called “more physical in nature.” These included trespass or intrusion, excessive noise, vibrations, odor, contaminants and flicker….
McCann said overall results showed a 25 percent lower value within three miles of the turbines as compared to control sales more than three miles away from turbines.
Property impact studies have been done throughout the world and one he described showed assessed values indicated a 20 percent deviation from assessed sale value.
McCann also said he came to some conclusions, including having a setback of less than three miles can cause a significant loss of value, as well as many of the health problems people have described to him in the past that qualified experts have agreed with.
“They (doctors) do find it happens,” McCann said. “It doesn’t happen to everybody.”
McCann also noted that people should hire appraisers that comply with the Uniform Standards of Professional Appraisers Practice, especially in cases like this.