Natural Resource Economics Commons^™

The Effect Of A Large Reservoir On Local Government Revenue And Expenditure, Clyde T. Bates

KWRRI Research Reports

Development of a large multi-purpose reservoir within the area of their jurisdiction may affect property ta.x revenue and expenditure of county governments and school districts. Privately owned land sold to a federally sponsored reservoir is not subject to property taxes because of the doctrine of intergovernmental immunity. Local officials often assume that this loss of assessment will reduce their tax revenue and thereby their fiscal ability to provide an acceptable level of government services. They may also expect the influx of construction workers or the disruption of existing facilities to increase the cost of providing these services. The study approaches …

Patterns Of Land Use Change Around A Large Reservoir, Billy R. Prebble

KWRRI Research Reports

Reservoirs are built to control floods, provide water for irrigation and municipal supply, generate electric power, augment low flows for navigation and water quality control, and provide improved fishing and recreation opportunity. A reservoir is justified if the benefit it provides to society exceeds the cost to develop it. Much research has been done to determine the benefit of a water resources development to society as a whole. Some research has explored the benefit of such a facility to a region. Very little research exists on the effects of a reservoir on the immediately surrounding area.

It seems reasonable that …

Economic Development Of Areas Contiguous To Multipurpose Reservoirs: The Kentucky-Tennessee Experience, Michael B. Hargrove

KWRRI Research Reports

This study analyzes the effects of multi-purpose reservoir projects on the economic development of areas contiguous to the dam and reservoir. The study concentrates on the development potential in a humid region where the provision of agricultural water is not critical to the economy. Can a reservoir project be a major part of a development program for a local area? How can the favorable effects of the project on the contiguous area be increased? These questions are answered by this study.

The study is divided into three major phases. The first phase is a theoretical analysis of the determinants of …

Derivation Of Reservoir Operating Rules By Economic Analysis, Charles O. Dowell

KWRRI Research Reports

The purpose of this study was to develop a methodology for determining an optimum set of reservoir operating rules specifying the of storage space based on the example of Rough River Reservoir, a Corps of Engineers project in Breckinridge and Grayson Counties, Kentucky, and assuming this multipurpose reservoir provides flood control, water supply, and recreation. The operating rules were derived by the method of marginal analysis which uses as its criteria achievement of maximum net benefits from the available storage capacity.

Benefit relationships were derived for each use. The variation of flood control benefits with available flood storage was determined …

Review Of The Economic Benefits And Costs Resulting From Dewey Reservoir, David H. Rosenbaum

KWRRI Research Reports

The purpose of this investigation was to study the economic effects of the construction of Dewey Reservoir in Floyd County, Kentucky. Primary emphasis was placed on determining the degree the project had shifted income to this economically underdeveloped area by determining the incomes of those receiving project benefits and those paying project costs. The income redistribution effects of all benefits and costs associated with Dewey Reservoir were evaluated by assuming that the Federal income tax structure indicates the marginal value of income to individuals in the various income brackets.

Major benefits from the Dewey Project have been: flood control, $722,166 …

The Effect Of Landowner Attitude On The Financial And The Economic Costs Of Acquiring Land For A Large Public Works Project, John Malvern Higgins Jr.

KWRRI Research Reports

The purpose of this study was to examine the various economic and financial costs relating to the acquisition of property required for the construction of three reservoirs and to determine if any correlation could be made between the attitudes of the landowners selling property and the costs. Rough River Reservoir, Dewey Reservoir, and West Fork of Mill Creek Reservoir were studied. The costs involved in purchasing right-of-way were classified qualitatively and quantified to the extent possible. A procedure was devised to quantify 15 factors influencing attitude and an equation was derived to predict the landowner's attitude from these determining factors. …

Covariance Analysis Of Reservoir Development Effects On Property Tax Base, Claude M. Vaughan Jr.

KWRRI Research Reports

Much attention has been given in recent years to the development of water resources in the United States. Large scale multi-purpose dam and reservoir projects are of particular interest. Such projects are traditionally undertaken after the resulting benefit has been found to exceed the required cost. The benefits which are most readily evaluated are primary benefits such as flood control, hydroelectric power, and navigation. The purpose of this study is to investigate secondary benefits which accrue to local economies as a result of reservoir construction. The particular secondary benefit which this study evaluates is the reservoir impact on the local …

Analysis Of Reservoir Recreation Benefits, Robert Cecil Tussey Jr.

KWRRI Research Reports

Recreation visitation to two Kentucky reservoirs (Rough River and Dewey) constructed by the U.S. Army Corps of Engineers was studied to develop mathematical expressions for estimating numbers of visitors and recreation benefits. Regression analysis was used to relate characteristics of 168 origin areas (120 Kentucky counties, the District of Columbia, and the remaining states excluding Hawaii and Alaska) to visitation from that area to Rough River Reservoir. The resulting equations were then applied to Dewey to test their generality. Good results were obtained when only air distance and population were used as the independent variables. Correlations including the age and …