Abstract
Attributes of stream restoration projects, such as if restoration occurred in-stream or streamside, if the project site was purchased and permanently protected from development, or if there is public access, may affect the sale price of nearby properties. We use a repeat-sales model to estimate the effect of eight project attributes for 209 restoration projects in the Johnson Creek Watershed, Oregon. Estimated effects are found to vary by attribute, distance, and project phase. In-stream restoration efforts are positive while restoration that occurs streamside has mostly negative effects. Nearby property owners experience positive effects if land is purchased for the project, and if recreation facilities are available on site, but negative effects if restoration involves heavy machinery. The effects of some project attributes are capitalized even before restoration work begins.
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