Demolish it and They Will Come: Estimating the Economic Impacts of Restoring a Recreational Fishery1

Abstract: This paper presents the results of an ex post survey of recreational anglers for the lower Kennebec River, post‐Edwards Dam removal. To the best of our knowledge, this study represents one of the first ex post analyses of fisheries restoration from dam removal. We find significant benefits have accrued to anglers using the restored fishery. Specifically, anglers are spending more to visit the fishery, a direct indication of the increased value anglers place on the improved fishery. Anglers are also willing to pay for increased angling opportunities on the river. These findings have policy implications for other privately owned dams that are currently undergoing relicensing and/or dam removal considerations. Our findings may also hold implications for fisheries that have deteriorated due to historic dam construction.