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May 2, 2012 American Society of Farm Managers and Rural Appraisers (ASFMRA) reports: James Chalmers, known for his analysis of the impact of high voltage transmission lines on property values, presented the results of his recently completed research on this issue on Tuesday, April 17 in the Montana Tech Student Union Building. The research presentation discussed his study of sales of properties located along the 500kV transmission lines in Montana. After the Chalmers presentation, three Montana real estate professionals responded to help the public interpret these findings and the opportunities or constraints that they pose to understanding the possible impacts of other high voltage transmission lines: • Sarah Bauer, broker, Big Sky Brokers, LLC, Boulder and Helena • Kevin Pearce, ARA/broker-owner, New Frontier Ranches, Twin Bridges • Katie Ward, broker, Katie Ward and Asso-ciates, Sheridan and Missoula This event was hosted by the MSTI Review Project, a partnership of county commissioners and non-governmental organizations, which is providing an independent, transparent, and objective analysis of the proposed MSTI Transmission line. There also was an opportunity for the public to ask questions. Beaverhead County Commissioner Tom Rice moderated the event. Chalmers' study covers 2000-2010 and analyzes a combination of 49 individual transactions and an even larger number of lot sales in eight subdivisions using personal interviews, sales comparisons, paired sales, and statistical techniques. Results are summarized for each property type, and the conditions that make properties vulnerable to transmission line impacts are identified. For information on the MSTI Review Project click here. Tweet |
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