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Impact Of Accessibility To Rail Transit On Commercial Property Values
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Book Synopsis Impact of Accessibility to Rail Transit on Commercial Property Values by : Yingfei Huang
Download or read book Impact of Accessibility to Rail Transit on Commercial Property Values written by Yingfei Huang and published by . This book was released on 2014 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Property values. However, GWR revealed that this impact varies significantly throughout the geographic study area. Metro stations in the north are associated with decreasing commercial property values, while those in the south are associated with increasing commercial property values. The increase in value for some properties if situated even one mile closer to some metro stations could be as high as $22 per square feet. With a mutual recognition of this property value increment, public-private partnerships between the rail transit agency and commercial developers could be built to achieve a win-win situation. On the contrary, incentives such as density bonus or favorable rates should be given to business owners if commercial development has to be encouraged in an area where construction of rail transit is associated with decreasing property values. When investigating the relationship between accessibility to rail transit and commercial property values, GWR is a more suitable model than OLS to support decision-making processes that fully utilize value capture potentials of metro stations.
Book Synopsis Property Price Impacts of Environment-Friendly Transport Accessibility in Chinese Cities by : Linchuan Yang
Download or read book Property Price Impacts of Environment-Friendly Transport Accessibility in Chinese Cities written by Linchuan Yang and published by Springer Nature. This book was released on 2022-01-11 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book seeks to shed light on the role of environment-friendly transport accessibility in determining property prices in Chinese cities. Many environment-friendly transport modes, including walking, metro, bus rapid transit (BRT), and bus are examined. Spatial econometric models, quantile regression models, and machine learning techniques are used. This book contributes to people's understanding of the relationship between environmental-friendly transport accessibility and property prices. Moreover, it is of value to policymakers, including (1) informing urban planners/designers to plan/design cities with an adequate level of environment-friendly transport accessibility; (2) offering an evidence-based approach to implementing value capture schemes for financing investments in urban infrastructure; and (3) providing the basis for mitigating the negative externality of proximity to the transit corridor, jointly constructing comprehensive hospitals and other compatible amenities, and so forth.
Book Synopsis Impacts of Transportation Investment on Real Property Values by : Kihwan Seo
Download or read book Impacts of Transportation Investment on Real Property Values written by Kihwan Seo and published by . This book was released on 2016 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transportation infrastructure in urban areas has significant impacts on socio-economic activities, land use, and real property values. This dissertation proposes a more comprehensive theory of the positive and negative relationships between property values and transportation investments that distinguishes different effects by mode (rail vs. road), by network component (nodes vs. links), and by distance from them. It hypothesizes that transportation investment generates improvement in accessibility that accrue only to the nodes such as highway exits and light rail stations. Simultaneously, it tests the hypothesis that both transport nodes and links emanate short-distance negative nuisance effects due to disamenities such as traffic and noise. It also tests the hypothesis that nodes of both modes generate a net effect combining accessibility and disamenities. For highways, the configuration at grade or above/below ground is also tested. In addition, this dissertation hypothesizes that the condition of road pavement may have an impact on residential property values adjacent to the road segments. As pavement condition improves, value of properties adjacent to a road are hypothesized to increase as well. A multiple-distance-bands approach is used to capture distance decay of amenities and disamenities from nodes and links; and pavement condition index (PCI) is used to test the relationship between road condition and residential property values. The hypotheses are tested using spatial hedonic models that are specific to each of residential and commercial property market. Results confirm that proximity to transport nodes are associated positively with both residential and commercial property values. As a function of distance from highway exits and light rail transit (LRT) stations, the distance-band coefficients form a conventional distance decay curve. However, contrary to our hypotheses, no net effect is evident. The accessibility effect for highway exits extends farther than for LRT stations in residential model as expected. The highway configuration effect on residential home values confirms that below-grade highways have relatively positive impacts on nearby houses compared to those at ground level or above. Lastly, results for the relationship between pavement condition and residential home values show that there is no significant effect between them.Some differences in the effect of infrastructure on property values emerge between residential and commercial markets. In the commercial models, the accessibility effect for highway exits extends less than for LRT stations. Though coefficients for short distances (within 300m) from highways and LRT links were expected to be negative in both residential and commercial models, only commercial models show a significant negative relationship. Different effects by mode, network component, and distance on commercial submarkets (i.e., industrial, office, retail and service properties) are tested as well and the results vary based on types of submarket.Consequently, findings of three individual paper confirm that transportation investments mostly have significant impacts on real-estate properties either in a positive or negative direction in accordance with the transport mode, network component, and distance, though effects for some conditions (e.g., proximity to links of highway and light rail, and pavement quality) do not significantly change home values. Results can be used for city authorities and planners for funding mechanisms of transport infrastructure or validity of investments as well as private developers for maximizing development profits or for locating developments.
Book Synopsis Socioeconomic Impacts of High-Speed Rail Systems by : Francesca Pagliara
Download or read book Socioeconomic Impacts of High-Speed Rail Systems written by Francesca Pagliara and published by Springer Nature. This book was released on with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Springer Handbook of Geographic Information by : Wolfgang Kresse
Download or read book Springer Handbook of Geographic Information written by Wolfgang Kresse and published by Springer Science & Business Media. This book was released on 2011-10-31 with total page 1132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Computer science provides a powerful tool that was virtually unknown three generations ago. Some of the classical fields of knowledge are geodesy (surveying), cartography, and geography. Electronics have revolutionized geodetic methods. Cartography has faced the dominance of the computer that results in simplified cartographic products. All three fields make use of basic components such as the Internet and databases. The Springer Handbook of Geographic Information is organized in three parts, Basics, Geographic Information and Applications. Some parts of the basics belong to the larger field of computer science. However, the reader gets a comprehensive view on geographic information because the topics selected from computer science have a close relation to geographic information. The Springer Handbook of Geographic Information is written for scientists at universities and industry as well as advanced and PhD students.
Book Synopsis The Impact of Light Rail Transportation Announcement and Construction by : Stephen Henry Plevak
Download or read book The Impact of Light Rail Transportation Announcement and Construction written by Stephen Henry Plevak and published by . This book was released on 2010 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: As American cities continue to expand and their existing transportation infrastructure becomes strained from increased demand, many cities have turned to light rail transit to not only alleviate congestion but also to provide an economic development stimulus to the areas around the stations. This report focuses on determining the economic impact on areas surrounding announced light rail stations in Austin, Texas while also attempting to quantify changes in land use and demographics experienced in a city who has an established light rail line; Dallas, Texas. In addition to examining any changes associated with the announcement and construction of a light rail project this report will qualitatively examine the role of these project in stimulating gentrification in station areas and what effect gentrification will have in preventing low-income households from accessing the improved transit system. The report will also propose actions that could ensure that these households continue to have access to public transportation, which would mitigate the strain of increasing transportation costs.
Book Synopsis East Link Light Rail Transit Project, Seattle by :
Download or read book East Link Light Rail Transit Project, Seattle written by and published by . This book was released on 2011 with total page 770 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Transitions Towards Sustainable Mobility by : Jo A.E.E. van Nunen
Download or read book Transitions Towards Sustainable Mobility written by Jo A.E.E. van Nunen and published by Springer Science & Business Media. This book was released on 2011-08-19 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Delivering a sustainable transport system is not just a matter of adopting a number of technological innovations to improve performance in terms of people, planet, and profits. A broader structural and societal transition is needed in technology, as well as in institutions, behavioural patterns, and the economy as a whole. In this broader view, neither the free market nor the public sector will be the unique key player in making this transition happen. Elements of such an approach are presented in this book in a number of domains: integrating transport infrastructure and land use planning, thus connecting fields that are rather unconnected in day-to-day policies; experiments with dynamic transport optimization, including reports on pilot projects to test the viability of transitions; towards reliable transport systems, describing a reversal from supply-driven towards demand-driven approaches; and sustainable logistics and traffic management, from ‘local’ city distribution to global closed supply chain loops.
Book Synopsis Railway Development by : Frank Bruinsma
Download or read book Railway Development written by Frank Bruinsma and published by Springer Science & Business Media. This book was released on 2007-12-22 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: The role of railways in urban development is the subject of this book. The central aim is to inquire into how especially the development of high-speed rail and light rail links will affect European cities. The analyses are carried out with special attention given to the broader institutional environment of the railway system, including the shift toward privatised railway companies and internationalisation.
Book Synopsis Commercial Property Value and Proximity to Light Rail by : Rachel R. Weinberger
Download or read book Commercial Property Value and Proximity to Light Rail written by Rachel R. Weinberger and published by . This book was released on 2001 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Impact of Rail Transit Stations on Commercial Real Estate Property Values by : Lesley Takunda Mashiri
Download or read book The Impact of Rail Transit Stations on Commercial Real Estate Property Values written by Lesley Takunda Mashiri and published by . This book was released on 2019 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Gold Line Corridor Project, Denver, Arvada, Wheat Ridge, Adams and Jefferson Counties by :
Download or read book Gold Line Corridor Project, Denver, Arvada, Wheat Ridge, Adams and Jefferson Counties written by and published by . This book was released on 2009 with total page 916 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Innovation in Public Transport Finance by : Shishir Mathur
Download or read book Innovation in Public Transport Finance written by Shishir Mathur and published by Routledge. This book was released on 2016-05-23 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: With all levels of governments currently, and for the foreseeable future, under significant fiscal stress, any new transit funding mechanism is to be welcomed. Value capture (VC) is one such mechanism, which involves the identification and capture of a public infrastructure-led increase in property value. This book reviews four major VC mechanisms: joint development projects; special assessment districts; impact fees; and tax increment financing; all of which are used to fund transit in the United States. Through the study of prominent examples of these VC mechanisms from across the US, this book evaluates their performance focusing on aspects such as equity, revenue-generating potential, stakeholder support, and the legal and policy environment. It also conducts a comparative assessment of VC mechanisms to help policy makers and practitioners to choose one, or a combination of VC mechanisms. Although the book focuses on the US, the use of the VC mechanisms and the urgent need for additional revenue to fund public transportation are world-wide concerns. Therefore, an overview of the VC mechanisms in use internationally is also provided.
Book Synopsis Central Link Light Rail Transit Project, Seattle, Tukwila and Seatac by :
Download or read book Central Link Light Rail Transit Project, Seattle, Tukwila and Seatac written by and published by . This book was released on 1999 with total page 668 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Urban and Regional Policy and its Effects by : Nancy Pindus
Download or read book Urban and Regional Policy and its Effects written by Nancy Pindus and published by Rowman & Littlefield. This book was released on 2011-01-01 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Urban and Regional Policy and Its Effects, the third in a series, sets out to inform policymakers, practitioners, and scholars about the effectiveness of select policy approaches, reforms, and experiments in addressing key social and economic problems facing cities, suburbs, and metropolitan areas. The chapters analyze responses to five key policy challenges that most metropolitan areas and local communities face: • Creating quality neighborhoods for families • Governing effectively • Building human capital • Growing the middle class • Enlarging a competitive economy through industry-based strategies • Managing the spatial pattern of metropolitan growth and development Each chapter discusses a specific topic under one of these challenges. The authors present the essence of what is known, as well as its likely applications, and identify the knowledge gaps that need to be filled for the successful formulation and implementation of urban and regional policy.
Book Synopsis Transit-oriented Development in the United States by : Robert Cervero
Download or read book Transit-oriented Development in the United States written by Robert Cervero and published by Transportation Research Board. This book was released on 2004 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Handbook of Research on Emerging Innovations in Rail Transportation Engineering by : Rai, B. Umesh
Download or read book Handbook of Research on Emerging Innovations in Rail Transportation Engineering written by Rai, B. Umesh and published by IGI Global. This book was released on 2016-05-31 with total page 693 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rail-based transit system is a popular public transportation option, not just with members of the public but also with policy makers looking to install a form of convenient and rapid travel. Even for moving bulk freight long distances, a rail-based system is the most sustainable transportation system currently available. The Handbook of Research on Emerging Innovations in Rail Transportation Engineering presents the latest research on next-generation public transportation infrastructures. Emphasizing a diverse set of topics related to rail-based transportation such as funding issues, policy design, traffic planning and forecasting, and engineering solutions, this comprehensive publication is an essential resource for transportation planners, engineers, policymakers, and graduate-level engineering students interested in uncovering research-based solutions, recommendations, and examples of modern rail transportation systems.
