Declining
real estate values will keep you “locked in.” Realtors predict that
if you sell during the 3 years of Spur construction, you will lose at least
10% of your home’s value compared to normal times. Result: you will personally
finance the Spur with $20,000 to $40,000 from your own pocket.
Many local businesses also will suffer declines as customers give up trying
to get there during peak traffic hours through choked streets — and service
and delivery vehicles take longer reaching local residents. So coming or going,
profitability will take a hit.
Other economic risks and losses you’ll encounter:
• Higher auto insurance premiums due to increased accidents in your
Zip code.
• Higher medical bills if you have asthma or other chronic breathing
difficulty.
• Greater risk of suffering loss in an auto accident on our local streets.
• Greater loss if you suffer a fire, crime or medical emergency, due
to longer response times of emergency vehicles during peak
hours.
