The environmental benefits of having retention/detention ponds as major stormwater
management facilities in a neighborhood have been well documented since the adoption of
green infrastructure strategies in early 1990s. However, the capitalization effect of
stormwater treatment ponds in real estate values still remains unclear. This study developed
classic hedonic pricing and spatial econometric models to examine the capitalization effects
of neighborhood-level detention and retention ponds using both cross-sectional and …