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What Is Historic Integrity Worth to the General Public? Evidence from a Proposed Relocation of a West Virginia Agricultural Mill

Published online by Cambridge University Press:  15 September 2016

Vishakha Maskey ,
Cheryl Brown ,
Alan R. Collins  and
Hala F. Nassar
Vishakha Maskey
Affiliation:
Department of Agricultural and Resource Economics at West Virginia University in Morgantown
Cheryl Brown
Affiliation:
Department of Agricultural and Resource Economics at West Virginia University in Morgantown
Alan R. Collins
Affiliation:
Department of Agricultural and Resource Economics at West Virginia University in Morgantown
Hala F. Nassar
Affiliation:
Department of Planning and Landscape Architecture at Clemson University in Clemson, South Carolina
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Abstract

While historians believe that preserving a historic building in its original location is important to maintain its historic integrity, the general public's opinion is unknown. Survey data were gathered from local residents regarding a proposed relocation of a historic mill in rural West Virginia. Only a minority of the sample population supported preserving the mill at its original location. Willingness to pay for preservation was estimated at $8.45 for a one-time donation for the sample and $2.29 after adjusting for non-respondents using characteristics of the local population.

Keywords

contingent valuationhistoric preservationTobit modelwillingness to pay

Information

Type
Contributed Papers
Information
Agricultural and Resource Economics Review , Volume 36 , Issue 1 , April 2007 , pp. 39 - 52
Copyright
Copyright © 2007 Northeastern Agricultural and Resource Economics Association 

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