In addition, while we do not have total verified numbers with regard
to other tax loss impacts, it is anticipated that there would be
depreciation in value of the properties of the private property
owners in the area resulting from the loss of shorefront property,
together with some potential impacts resulting from noise or nuisance
impact during deconstruction, and other devaluation that results from
the muck and mire which would exist until the land which was formerly
reservoir bottom was rehabbed and re-vegetated. It is presently
anticipated that tax revenues from these devaluing factors would be
substantial, although not totally quantified at this time. It is
our present understanding that there may be as many as 1,000+ parcels
which may be so affected.
In addition, loss of business opportunities, including whitewater
rafting opportunities, could result in lower business taxes being paid.