Fair market value analysis for a fiber optic cable permit in National Marine Sanctuaries final report
Corporate Authors:United States, Office of Ocean and Coastal Resource Management., Marine Sanctuaries Division. ; United States, National Ocean Service. ;
Fiber Optics Industry
Marine Parks And Reserves
Cables, Submarine/Economic Aspects/United States
Fiber Optics Industry//Licenses/Fees/United States
Marine Parks And Reserves/Economic Aspects/United States
Public Utilities/Rates/United States
Description:I. Introduction -- II. Background and Overview: National Marine Sanctuaries -- Fiber Optics Industry Overview -- The Permitting Process and Fair Market Value -- III. Valuing Rights of Way: Land-Based Appraisal -- A Willing Buyer and Seller -- Income-Based Methods -- Comparable Transactions -- IV. Public Policy Considerations: Protecting Sanctuary Resources -- Supporting the Telecommunications Infrastructure -- V. Permitting Policies at Other Federal Agencies -- VI. Analysis of Fair Market Value: Market Trends in Fiber Optic Rights of Way -- The Willing Buyer and Seller Scenario -- The Income Allocation Approach -- Selected Historical Transactions -- VII. Conclusions and Recommendations.
Provides an approach to assessing fair market value for the permitting of a submarine fiber-optic cable in a national marine sanctuary. Includes overviews of the marine sanctuary system, the fiber-optics industry, and the permitting process. Describes approaches to valuing a right of way and discusses sanctuary resources protection and accommodation of telecommunications infrastructure. Summary of permitting activities of other federal agencies and analysis of fair market value for a sanctuary permit based on the relevant valuation methods are also provided.
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