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Power plant devalues

Published: Saturday, July 19, 2014 5:30 a.m. CST

To the Editor:

Learning about the proposed Oakwood Hills power plant project only last week, the proverbial rug has been pulled out from beneath my feet.

Assuming that I would have heard about this destructive project through the grapevine, my village or the local newspaper, it is apparent that I now have to be more than two places at once.

This 430-megawatt power plant proposed to be within a mile of my lifelong homeplace cuts a large hole in my heart and my financial resources. Not only do I object to the greenhouse gas emissions, the water table problem and the visual eyesore, I object to the fact that this will lower the already low property values within a 2-mile radius by 3 percent to 7 percent, with even deeper devaluation for me since I am within the 1-mile radius.

If you are concerned about any of these points, please come to the Crystal Lake Holiday Inn meeting from 4 to 7 p.m. July 22. If the devaluation of your home is of concern, please read the paper published in 2010 by Lucas W. Davis of the Haas School of Business, University of California-Berkeley, before attending the meeting. It speaks to the subject of the effect of power plants on local housing values and rents.

See you there. Knowledge is power.

Christine Kraft

Prairie Grove

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