Madaket turbine would bring property value decline to Nantucket

Property values will decrease states a report by expert appraiser Michael McCann of McCann Appraisal LLC. According to the report,  “… [the] degree of probable impact is far in excess of any economic benefit anticipated by the Town of Nantucket to be derived from the sale of electricity from the Madaket landfill turbine.”

The total loss of homeowner equity is predicted to be in the range of $135 to $270 million.

Common Sense Nantucket announced the release of the independent report.

McCann is the next featured speaker in the Shelburne Industrial Wind Information Series on Saturday, March 3, 2012 at 7:00 pm.