Examines the nexus of economic development, induced crime andproperty values focused on casino gambling introduced to Atlantic City,New Jersey. Uses econometric techniques to calculate the effects towhich monetary increase in property values is directly attributable tothe casinos and the extent to which these values have been diminisheddue to crime. Concludes that the gain in property taxes that amunicipality may realise when a reduction in its property crime rateimbalances assessed values.
Journal of Property Valuation and Investment – Emerald Publishing
Published: Jan 1, 1991