Does undergrounding improve property values?

Yes. We are not aware of any formal studies, but anecdotal information from California cities that have done significant undergrounding (including Tiburon, Manhattan Beach and Hermosa Beach) indicates that real estate prices in the affected areas go up 5% or more relative to areas of those cities which retain overhead utilities.

Clearly, given current Los Altos Hills real estate prices a 5% increase in real estate values would more than make up for the cost of undergrounding as estimated above.

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1. What are we talking about?
2. What is the scope of the project?
3. What experience do we have with undergrounding?
4. What are 20A" funds?
5. What data do we have on the cost of undergrounding?
6. What would a town-wide undergrounding project cost?
7. How could we fund this type of project?
8. Does undergrounding improve safety and reliability?
9. Does undergrounding improve property values?