The following article, written by Jim Morrison, appeared in the March 17th 2005 issue of Portfolio Weekly.
An excerpt:
It also placed an annual premium on real estate along that Bay at $2.3 billion ? $3.9 billion in today?s dollars. Overall, it declared the 1987 value of the Bay to be an estimated $678 billion ? or $1.15 trillion today.
The details discussed in this article can also easily explain how critical it is to protect, from an economic value, the Lynnhaven Watershed, significant trees & even open space as it relates to at minimum the immediate Shore Drive Area.