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1 • <br /> 1 2. Adult entertainment establishments tend to locate in somewhat <br /> deteriorated areas. <br /> . 1 <br /> 3. Additional relative deterioration of an area follows location of an adult <br /> -1 business in the area. <br /> 1 <br /> 4. There is a significantly higher crime rate associated with two such <br /> businesses in an area than is associated with only one adult business. <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. <br /> Similar conclusions about the adverseimpact of sexually oriented businesses on <br /> the community were reached in studies conducted in cities across the nation. <br /> Indianapolis <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 <br /> national random sample of 20 percent of the American Institute of Real Estate <br /> Appraisers. <br /> • <br /> The Study found the following: <br /> 1. The_ appraisers- overwhelmingly (80%) __felt _that an _adult bookstore <br /> located in a neighborhood would have a negative impact on residential <br /> property values within one block of the site. <br /> J • 2. The real estate experts also overwhelmingly (71%) believed that there <br /> would be a detrimental effect on commercial property values within the same <br /> one block radius. <br /> • <br /> -8- <br /> I <br />