How will property values be affected if a new SuperTarget goes in at this location?
At the Planning Commission Meeting the city assessor stated that in general, their studies have shown that higher traffic streets have a negative impact on the value of neighboring homes. They have found that the range of negative impact is from 7% to 15% of market value. This is dependent on the severity of the traffic on the street. He stated that a home on Old Shakopee would be a serious traffic situation, over a home say on Nicollet Avenue.
At the Planning Commission Meeting the city assessor stated that in general, their studies have shown that higher traffic streets have a negative impact on the value of neighboring homes. They have found that the range of negative impact is from 7% to 15% of market value. This is dependent on the severity of the traffic on the street. He stated that a home on Old Shakopee would be a serious traffic situation, over a home say on Nicollet Avenue.
