environmental valuation

  1. An algae advisory in Sandusky Bay in 2011. Photo by Brenda Culler, Ohio Department of Natural Resources.

    Algal blooms cost Ohio homeowners $152 million

    Aug 18, 2017

    COLUMBUS, Ohio—In a new study, AEDE researchers Allen Klaiber and David Wolf, estimate algal blooms at two Ohio lakes cost Ohio homeowners $152 million in lost property value over six years.

    Meanwhile, a related study suggests that algae is driving anglers away from Lake Erie, causing fishing license sales to drop at least 10 percent every time a bloom reaches a moderate level of health risk. Based on those numbers, a computer model projects that a severe, summer-long bloom would cause up to $5.6 million in lost fishing revenue and associated expenditures by anglers.