Place Your Bets

Originally published in the Attleboro Sun Chronicle

March 4, 2012
Rick Foster (Staff, Attleboro Sun Chronicle)

But concluding that a casino will either be neutral or a boon to homeowners seems premature, say skeptics, who note that a smattering of existing studies either show mixed results or are based on areas that aren't directly comparable to Foxboro or western Norfolk County.
A 2005 study by the Rappaport Institute for Greater Bostonthat drew from data on Native American casinos in 26 states concluded that casinos had a "limited positive effect" on house prices.
Median prices rose about $6,000 in counties with casinos, the report said, but those effects were concentrated in sparsely populated rural counties.

Full Article