SIGNIFICANT PROPERTY
LOSS 4% - 8%
Collector Road -Your road
collects traffic from neighboring local roads and serves as a
short cut between Arterial roads . Out of town traffic cutting
through your street is going to greatly increase as people try
to find the quickest route to the retail area. The more retail,
the more traffic, the more property loss. Studies show that
increase traffic and speed through a neighborhood can
substantially impact property values. Even if you are at the
lower end of the loss spectrum, 4% of a $300,000 house is
$12,000. 8% Loss is $24,000. Is it worth it? Did you hear about
the over 100 Acres of retail proposed
with Stew Leonard's? Traffic can easily quadruple if we don't
stop it now.
Property Loss From
Retail Sprawl :
Remember your
property value is appraised by prices of other houses in your
area. Even though you might not want to sell your home, your
ability to qualify for a second mortgage or other loan is
dependant on price.
-
Decreased Safety-
Entering, Driving, Exiting and Walking. Your home becomes less
attractive and therefore less valuable when the simple
enjoyment of walking or riding a bike is a dangerous
proposition. Having to risk an accident every time you enter
or leave your driveway is probably the biggest negative
-
Increased
Pollution - Exhaust fumes from thousands of additional cars
not to mention all the garbage thrown out, greatly reduces the
appeal and therefore price of your home.
-
Increase Noise-
The constant drone of cars going by is a big negative when
people are choosing their home. This translates into lower
selling prices.
-
Driving Delays- No
one likes to sit in traffic or drive bumper to bumper. Waiting
at traffic signals is bad enough already. What's going to
happen when traffic doubles.
-
Taxes- With all of
the major devaluations in the town in general the tax base
will suffer causing the mill rates to rise. Roads will need to
be "improved" and police services increased at considerable
cost. This by far exceeds any benefit from Stew Leonard's.
Facts and figures for this entire site were compiled and
extrapolated from various sources including The Orange Plan Of
Conservation and Development, DLS Traffic Study sponsored by the
Town, various traffic calming studies, engineering experts,
websites and newspaper articles. All facts and figures are
thought to be accurate, however no representation herein is made
of their accuracy.
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