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.

National Ocean Service (NOS)

United States