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What Does a Superfund Designation do to Property Values?

When toxic waste from Gold King Mine turned the Animas River in southern Colorado that now-infamous shade of orange, the tributary it passed through was Cement Creek, which runs through the heart of Silverton. Now, in the aftermath, some of the town's 600 year-round residents are asking the Environmental Protection Agency about what happens if their homes are included in a potential Superfund designation. The EPA's answers so far, according to the Durango Herald, have been vague on most accounts — except to say that property values will increase 18 percent when all is said and done. There's no timeline for that figure or estimate of just how bad values will get during the cleanup, but the water will be clean, at least.

Read more about Silverton and the Superfund >>