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<br /> 1"2...( S"" ~ <br /> , I <br /> 2. . Adult entertainment establishments tend to locate in somewhat -I <br /> deteriorated areas, - <br /> 3. Additional relative deterioration of an area follows location of an adult I <br /> business in the area. <br /> 4, There is a significantly higher crime rate associated with two such I <br /> businesses in an area than is associated with only one adult business. I <br /> 5, Housing values are also significantly lower in an area where there are <br /> three adult businesses than they are in an area with only one such business. I <br /> Similar conclusions about the adverse impact of sexually oriented businesses on I <br /> the community were reached in studies conducted in cities across the nation. <br /> I <br /> IndIanapolis e. <br /> In 1983, the City of Indianapolis researched the relationship between sexually' <br /> oriented businesses and property values. The study was based on data from a I <br /> national random sample of 20 percent of the American Institute of Real Estate <br /> Appraisers, I <br /> " <br /> The Study found the fol/owing: I <br /> 1. The appraisers overwhelmingly (80%) felt that an adult bookstore <br /> located in a neighborhood would have a negative impact on residential I <br /> property values within one block of the site. <br /> iI 2. The real estate experts also overwhelmingly (71%) believed that there I <br /> would be a detrimental effect on commercial property values within the same I <br /> . one block radius. <br /> . I <br /> -I <br /> . <br /> -8- <br /> Il I <br /> ----- <br />