Abstract
There are over fourteen thousand dams in the New England region. Recent efforts to remove dams to return rivers back to their natural orientations in the United States have increased, though a host of potential externalities exist to nearby communities. We compile 75 removed dams in the New England region to estimate the aggregate treatment effect of dam removal on nearby properties. We employ a repeat sales sample with property fixed effects and a difference-in-differences strategy to estimate the proximity effects of dam removal. We cannot reject the null hypothesis that dam removals have no effect on proximity properties.
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