When it comes to the effects of the pipeline on land values, Jim Rothermich at Iowa Appraisal recently offered some real world observations from recent sales in Lyon and Sioux Counties. In a letter submitted to the Iowa Utilities Board, Rothermich notes:
I want to make two key points.
1. Impact on Land Values: The numbers from these sales make a pretty compelling case that Summit pipeline easements haven’t hurt land values. In fact, these lands are pulling in top dollar.
2. Economic Opportunities: Far from being a negative, it looks like the Summit pipeline could well be a boon for land value, offering new economic opportunities and possibly boosting land worth over time.
