IF YOU WANT TO KNOW WHAT PEOPLE SAY ABOUT BUYING A HOME NEAR The NJMP-
CHECK OUT THESE FORUMS:
http://www.city-data.com/forum/new-jersey/177782-any-nice-areas-near-vineland-millville.html
"I am thinking about relocating to be near the new Thunderbolt raceway in Millville.
I want to be out of noise range about ten miles or so but close enough
to drive for work and fun. (yes I am one of those who enjoy high speed
fun)"
http://www.city-data.com/forum/new-jersey/209856-millville-glassboro-active-adult-community-opinions.html
"I would stay away from
the airport as the tracks are being built there. The track and
associated hotels/ restaurants will be bringing about 1,500 jobs to
Millville.
Good for some but not so good for those close to the airport/racetracks."
There are roughly 4,500 homes that lie within the
3 mile "noise zone." Times this number by 2.5
(average number of people to a household) and you have in the
neighborhood of 11,250 people being subjected to noise levels that far
exceed the amount that was represented during the planning stages.
Minus those who live in the townships and you are left with 10,000
residents. This represents 35% of Millville's population. Imagine that!
There are roughly 4,500 homes that lie within the
3 mile "noise zone."
There are 146 homes for sale as of March 29, 2009 according to www.realtor.com.
The highest price of a home for sale in this zone is $349,000. The average price is $177,219.
Total value of homes for sale in "noise zone": $25,874,000.
Based on these figures the real estate value of the entire "Noise Zone" is $800,000,000.
A 20% reduction in property value due to noise pollution would be $159,333,000.
The NJMP is a $50,000,000 project. (Of course, this depends on whom you ask.)
A 20% reduction of property taxes puts a big bite in the amount of taxes contributing to city and county coffers.