SUBSTANTIAL PROPERTY
LOSS 9% - 15%
Arterial Road -Your
road collects traffic from the roads all over town as well as
traffic from neighboring towns. Your road will take one of the
biggest hits from the impending Retail
Sprawl . People from Orange and surrounding towns cut
through your road in order to reach the retail areas. 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, 9% of a $300,000 house is
$27,000.12% is $36,000. Is it worth it? Did you here about the
over 100 Acres of retail proposed
with Stew Leonard's? Traffic can easily double if we don't stop
it now.
Property Loss
From Retail Sprawl :
-
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.
Cut-through traffic will increase as frustrated drivers seek
alternate routes through your neighborhood. 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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