Revised report and rebuttal : compensable natural resource damage determination for the Upper Clark Fork River NPL sites

72 Pages·1995·2.1 MB·English

by  Hagler Bailly Consulting, Inc

S Hauler Bailly
363.738 Consulting
H2rrcnr Revised report
1995 and rebuttal
b /ATE OF MONTANA
NATURAL RESOURCE DAMAGE PROGRAM
REVISED REPORT AND REBUTTAL:
COMPENSABLE NATURAL RESOUR'^E DAMAGE DETERMINATION
FOR THE UPPER CLARK FORK RIVER NPL SITES
OCTOBER 1995

S Hauler Bailly
363.738 Consultine
H2rrcnr Revised report
199S and rebuttal
/ATE OF MONTANA
NATURAL RESOURCE DAMAGE PROGRAM
REVISED REPORT AND REBUTTAL:
COMPENSABLE NATURAL RESOURCE DAMAGE DETERMINATION
FOR THE UPPER CLARK FORK RIVER NPL SITES
OCTOBER 1995
DATE DUE
i.^^'l.^Oc
0)
Revised Report and Rebuttal:
Compensable Natltial Resource
Damage DETER>nNATioN for the
Upper Clark Fork Rivtr
NPL
Sites
Preparedfor:
State of Montana Natural Resource Damage
Litigation Program
Prepared by:
Hagler Bailly Consulting. Inc.
P.O. Drawer O
CO
Boulder, 80306-1906
[phone]
October 18. 1995

REVISED REPORT AND REBUTTAL:
Compensable Natural Resource
Damage Determination For The Upper
Clark Fork River NPL Sites
Testifying Experts:
Robert D. Rowe on all portions of the report
Robert D. Rowe
Edward R- Morey on all portions of the report
except Contingent Valuation Method issues
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y'
/I / / U-"-^
/ /c '^
,
R
Edward Morey
William D. Schuize on all portions of the report
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William D. Schuize
October 18, 1995

Contents
List of Figures
List of Tables
List of Acronyms
Chapter 1 Introduction and Summarj of Results
1.1 Introduction 1-1
1.2 Natural Resource Injuries at the Clark Fork NPL Sites 1-3
1.3 Summar\' of Results 1-3
1 .4 Organization of this Report 1-5
Chapter 2 Economic Concepts, Methods, and Studies
2.1 Concepts 2-1
2.1.1 Valuation Concepts 2-1
2.1.2 Illustration of Past, Interim, and Residual Damages 2-3
2.2 The Damage Valuation Studies 2-6
2.2.1 Introduction 2-6
2.2.2 The Recreation Valuation Study 2-6
2.2.3 The Contingent Valuation Study 2-11
2.2.4 Correspondence between the Recreation Valuation and
Contingent Valuation Studies 2-14
Chapter 3 Determination of Compensable Damages
3.1 Past Damages 3-1
3.2 Interim Damages UTiile Complete Cleanup Is Undertaken 3-5
3.3 Interim and Residual Damages with Partial Cleanup 3-5
3.4 Residual Damages If No Additional Cleanup Is Undertaken 3-6
3.5 Damage Determination for Different Time Periods of Past Damages and
Future Cleanup 3-8
Chapter 4 References 4-1
Appendices
A
Detailed Calculations
B Response to Comments
Hagler Bailly Consulting