State Water Resources Research Institute Program

Project ID: 2007MI101B
Title: Water Quality Valuation In Michigan's Inland Lakes Using Hedonic Valuation Methods
Project Type: Research
Start Date: 3/01/2007
End Date: 2/28/2008
Congressional District: 8th
Focus Categories: Water Quality, Economics
Keywords: water quality, economic, hedonic valuation, property values
Principal Investigators: Cheruvelil, Kendra Spence; Kramer, Daniel Boyd
Federal Funds: $ 15,000
Non-Federal Matching Funds: $ 33,504
Abstract: Currently, the Michigan Department of Environmental Quality (MI-DEQ) is drafting new rules that will implement scientifically defensible nutrient standards for all of Michigan inland lakes (11,000 lakes, ponds, and reservoirs with an area of at least 5 acres) and streams (over 36,000 miles of rivers and streams). These standards will serve as a framework within which the MI-DEQ can assess the state of Michigan's waterbodies, protect those with excellent water quality, and better manage those with poor water quality. As part of the process of getting these new rules passed into law, the MI-DEQ must provide evidence of the economic, social, and environmental benefits associated with the implementation of these nutrient standards. Although most people agree with the idea that Michigan's inland lakes and streams are important, it is often more difficult to achieve consensus about the magnitude of their importance. To date, a state-wide economic valuation study of Michigan's inland lakes and streams has not yet been conducted. Here, we propose to undertake a hedonic valuation study to quantify the value of water quality in the inland lakes of Michigan. This study will inform the state's nutrient standards process, will allow for better public understanding of the importance of Michigan's inland water resources, and will provide a common currency for communication between scientists, policy-makers, and managers.

Progress/Completion Report, PDF

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