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<br />Change in property price = (0.7309*8. 8092 + 1)110.7309 . <br />The result is 15.571, or $15,571 change per property in the area where the restoration <br />project improved fish habitat. <br />When both an education trail and bank stabilization are carried out together in the <br />projects, property values increase $19,078 over properties without these measures. These <br />restoration measures include other aspects which were generally carried out in the sample <br />projects such as clearing obstructions, revegetating, acquiring land and other improvements. <br />Values for the restoration 'packages' which contain stream restoration measures that <br />can be grouped together according to each variable's correlation with each other are <br />presented in Table ill. From Package A holding all other variables at zero, establishing an <br />education trail is perceived by buyers to contribute $17,560 to the price of a property. When <br />compared to the mean property value of the sample, this makes up 12 % of the property . <br />value. Maintaining fish habitat was perceived to be worth $15,571, and acquiring land was <br />valued at $19,123, per property. Similar values (each is within $2,000 to $4,000 of each <br />other) and their high correlations with each other indicate these measures are not independent <br />of each other but in fact appear to measure the joint effect. Establishing an education trail <br />and acquiring land are perfectly correlated. This follows because to establish a trail; land is <br />needed along the riparian area. The end result is that the value for an education trail <br />calculated from the sample of projects also includes the value of acquiring land and <br />maintaining fish habitat. <br /> <br />Table ill about here <br /> <br />. <br /> <br />14 <br />