An economic study commissioned by five local groups concerned about the Atlantic Coast Pipeline shows that the costs far outweigh the benefits of the pipeline. The eye-opening analysis found that up to $141 million in lost property value and services, such as water and air quality, would occur across the four-county study area just during construction. Further, the pipeline will depress area economies, contribute to job loss, reduce quality of life, and lower personal incomes in perpetuity to the tune of up to $109 million annually. Those estimates are conservative, notes Spencer Phillips, founder of Key-Log Economics. “Putting the stream of costs into present value terms and adding the one-time costs, the total estimated cost of the ACP in Highland, Augusta, Nelson, and Buckingham Counties is between $6.9 and $7.9 billion,” he said.
Full Report:
Economic Costs of the Atlantic Coast Pipeline: Effects of Property Value, Ecosystem Services, and Economic Development in Western and Central Virginia
County summaries:
Full Report:
Economic Costs of the Atlantic Coast Pipeline: Effects of Property Value, Ecosystem Services, and Economic Development in Western and Central Virginia
County summaries:
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