Home Buying in 01876>Question Details

Paul Sullivan, Home Seller in Boston, MA

What will happen to property values in Tewksbury if a Slot casino is approved?

Asked by Paul Sullivan, Boston, MA Tue Aug 13, 2013

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Values around the parlor will drop, probably significantly. As you move out, the depreciation will lessen and Tewksbury is large enough that there should be plenty of areas who see no effect at all.
0 votes Thank Flag Link Sun Jul 6, 2014
Actually there has been a historic depreciation of homes where gambling casinos have gone into a community. The community is viewed as less wholesome and find fewer families moving to the community.

Thankfully, it was not approved in Tewksbury.
0 votes Thank Flag Link Tue Nov 5, 2013
Probably no change to property values, unless the house location is impacted by the increased traffic, noises, and potential crimes.
0 votes Thank Flag Link Wed Aug 14, 2013
If the towns near the casinos in CT are any indication, nothing good will happen to values. I've had several clients who had to move to MA for jobs and cannot sell their CT homes.
0 votes Thank Flag Link Tue Aug 13, 2013
Well, with Supply and Demand,
Property values will probably go up.
Business would see an influx,
Some new businesses would start,
There will probably 400 new jobs; good paying jobs too,
There will be a new option for a Prime Rib dinner,
And the car dealers will sell a few more cars every year.
0 votes Thank Flag Link Tue Aug 13, 2013
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