Credit: Paul Cluff | The Goderich Signal-Star | http://www.goderichsignalstar.com 26 September 2012 ~~
A real estate agent who owns a cottage in Ashfield-Colborne-Wawanosh warned council that property values could drop significantly with further wind turbine project development.
Paul Shantz told council of 78 assessment reductions since 2008 at properties on Wolfe Island, totaling $3 million in lost value.
The largest reductions were closest to the turbines, part of Ontario’s second largest wind farm, and ranged from $101,000 to $143,000.
The proposed K2 Windpower project is a 270-megawatt project that follows K1, which is already up and running in the township.
Some 138 wind turbines are proposed and discussion about the project dominates ACW council meetings. Shantz presented the information to council and provided a copy to the Signal Star.
Shantz said the MPAC information should worry ACW councilors for a number of reasons. “You are pulling money out of my pocket and pulling money out of people’s pockets who rely on property for retirement,” Shantz said. “If you continue to allow this to happen you are negatively affecting more people in the township than the people that are going to sign a lease. Council is supposed to represent the rate payers of ACW.”