Academic Article Award.(Steven Shultz and Nick Schmitz)

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Steven Shultz, PhD, and Nick Schmitz are the winners of the 2008 Academic Article Award and a $1000 honorarium for their article, "Viewshed Analyses to Measure the Impact of Lake Views on Urban Residential Properties," which was published in the Summer 2008 issue of The Appraisal Journal. The Academic Article Award is presented for the best original article published in the Journal during the previous year and written by an academic author. Articles are judged on the basis of pertinent appraisal interest, provocative thought, logical analysis, perceptive reasoning, clarity of presentation, and overall contribution to the literature of valuation. To be eligible for this award, the article must have been peer reviewed by members of the Academic Review Panel, and the principal authors must be primarily engaged in teaching at a college and university.

In their article, Shultz and Schmitz discuss the impact of water views of small to midsized man-made lakes in urban areas that are designed for flood control and storm-water management, and have limited recreation potential. Views of two man-made lakes from nearby single-family homes in Omaha, Nebraska, were determined through multiple listing service (MLS) and geographic information ...