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114 Tune, Place, and Manner Regulation of Business ActMry <br />a <br />Table 13 <br />The Effect of Adult businesses on <br />Property Values in Austin, Texas <br />The tabulated responses in T -able 13 indicate that a substantial majority (881) <br />f those surveyed felt that an adult book store would have a negative effect <br />,xt residential property located within one block. of these, 31 percent felt <br />that value would decrease by more than 20 percent. A majority (691) felt that <br />the value of commercial property within one block of the bookstore site would <br />be negatively affected. only 6 percent. felt, however, that the decline in <br />value would be greater than 20 percent. <br />When the distance from the adult bookstore is increased, the .negative impact . <br />on property values appears to be less severe. While a majority of respondents <br />(591) indicated that residential property located three blocks from the <br />bookstore would decline in value, only 5 percent felt the decline would be <br />vreater than 20 percent and over 40 percent felt that there would be no change <br />in value at this distance. The majority of respondents -(591) felt that there <br />would be no change in value of coamercial property located three blocks from <br />the adult bookstore site. <br />E VER00296 <br />Decrease <br />.Decrease <br />Decrease <br />No Change <br />1 to 101 <br />10 to 201 <br />201 or more <br />_ _ <br />Residential Pr-operty <br />One Block Radius <br />122 <br />311 <br />261 <br />311 <br />Commercial Property <br />One Block Radius <br />311 <br />301 <br />331 <br />61 <br />Residential Property <br />Three Block Radius <br />411 <br />281 <br />261 <br />51 <br />Commercial Property <br />11iree Block 'Radius <br />591 <br />301 <br />91 <br />21 <br />The tabulated responses in T -able 13 indicate that a substantial majority (881) <br />f those surveyed felt that an adult book store would have a negative effect <br />,xt residential property located within one block. of these, 31 percent felt <br />that value would decrease by more than 20 percent. A majority (691) felt that <br />the value of commercial property within one block of the bookstore site would <br />be negatively affected. only 6 percent. felt, however, that the decline in <br />value would be greater than 20 percent. <br />When the distance from the adult bookstore is increased, the .negative impact . <br />on property values appears to be less severe. While a majority of respondents <br />(591) indicated that residential property located three blocks from the <br />bookstore would decline in value, only 5 percent felt the decline would be <br />vreater than 20 percent and over 40 percent felt that there would be no change <br />in value at this distance. The majority of respondents -(591) felt that there <br />would be no change in value of coamercial property located three blocks from <br />the adult bookstore site. <br />E VER00296 <br />