Property Values
The Beaver Materials gravel operation in Strawtown, IN (picture taken from a public road)
Homes within a half-mile radius could see property values drop between 20-30%
And families within a 1 mile radius could see a 15% drop (source). Why? People don’t want to buy houses next to a disamenity.
Contrary to popular belief, home values are not recouped after the mining is finished (Figure 2).
When nearby residents bought their properties, they bought them in good faith that no industry would disrupt their quality of life. The surrounding area was not zoned for industrial use, and granting special approval once puts the rest of the Noblesville community at risk.
(Source 1, Source 2, Source 3, Source 4, Source 5)
Our concerns have been presented to the Plan Commission
Checkout real estate agent Mr. Bredemeyer’s property value slides from our public hearing with the Plan Comission from November 2020.
Over 600 parcels are within a half mile radius of the site.
What would stop the Noblesville Common Council from changing the zoning right next to your neighborhood?
If they change the zoning here, what’s stopping them from changing the zoning right next to your neighborhood? Fight for the future of your neighborhood and protect your community from industrial operations by stopping this here. Now.
It’s time to take action.