Impact of Captiva's Beaches on Property Values and Taxes
This report contains an analysis of the impact of the two Captiva beach restorations on the island's property values. The impact is measured by an analysis of property sales based on data between 1977 and 1991. The second part of the report projects the losses in property values if the Captiva Beach Maintenance Program is not implemented, beginning with the beach renourishment scheduled for 1996. The report concludes with estimates of the impact of the decline in property values resulting from a failure to maintain the beaches on local government revenues.