Algae Blooms Affecting Lake Champlain Property Values
September 25, 2015
Yahoo News reports that algae blooms on parts of Lake Champlain are driving down property values of lakeside homes. The algae, which turns the shoreline pea-soup green each August and can be toxic to humans and dogs, prompted the town of Georgia to reduce the property values by $50,000 on each on 34 mostly summer camps on St. Albans Bay.
The toxic algae blooms are fueled by phosphorus-laden runoff of rain and snowmelt from farms, roads and parking lots and discharges from municipal wastewater treatment plants.
The U.S. Environmental Protection Agency has worked for years with Vermont officials on reducing phosphorous runoff into the lake. Nevertheless, such runoff has been increasing.
Read more about the harmful algae blooms that are affecting Lake Champlain property owners.