This note has been prepared as a guide for landholders who know their properties have been devalued by adjacent WEP developments and wish to have some basis on which to argue that their property rates should be adjusted accordingly and some in-dication of the magnitude of a claim that might be made against WEP developer. Nothing in this note should be construed as an encouragement or a recommendation to undertake either course of action.
It is noted in passing that WEP developers have heretofore denied that WEPs affect adjacent property values. Such statements are simply self serving and counter intui-tive. Beware of studies paid for by developers and conclusions drawn by metropolitan state agents and government valuers.