Yeah that’s definitely a component, although I’m not sure it would even actually hurt the value. The beaches are public so they already cannot control that view. My favorite of their arguments was all of them very quickly becoming whale activists and stating with certainty that windmills kill whales.

Fuck them.

But more realistically there should be a land value tax in place anyway. If the price does go down I wouldn’t be totally against giving them money. But would have to be over a period of say 10 years to avoid any market inefficient panic causing a temporary dip.

Then they can pay to produce clean energy or reduce energy usage for people in the rest of their city to make this unnecessary. Or as another commenter put it, eat our entire collective asses.

If some dude paid a million dollars to control the ocean and the power supply of the region, then people are probably going to get pissy at the overwhelming, unearned privilege.