Realtor Sees Property Values Depressed and Losses to Tax Base

i Jun 5th Comments Off by


Ann T. Dyal, Houlihan Lawrence in Village of Millbrook, Dutchess County)

People looking for houses in the area seek to enjoy a beautiful setting and special quality of life, says Ms. Dyal. The construction of huge transmission lines—even the prospect of such a project—is having a tremendously negative impact on homeowners and the real estate industry, and could seriously cost all residents of affected communities that could suffer losses in property tax contributions. This could be a blight across some of the most scenic and valuable land in the Hudson Valley, says Ms. Dyal.