Study Predicts Whittier Oil-Drilling Proposal Would Have 'Minimal' Effect On Home Prices

Summary


Editor's note: This is the third in a series of articles examining the 824-page environmental impact report on Matrix Oil Co.'s proposal to drill for oil in the Whittier hills.

WHITTIER - A socioeconomic study predicts a proposed oil- drilling project in the Whittier hills will have only a minimal effect on area home values.

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Study Predicts Whittier Oil-Drilling Proposal Would Have 'Minimal' Effect On Home Prices

The report - from Los Angeles-based AECOM Technical Services, Inc. - said academic studies and local real estate agents suggested as much as an 8 percent reduction in value...

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