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Author : Musaad A. Al-Mosaind
Publisher :
ISBN 13 :
Total Pages : 19 pages
Book Rating : 4.:/5 (284 download)
Download or read book Light Rail Transit Stations and Property Values written by Musaad A. Al-Mosaind and published by . This book was released on 1993 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Elizabeth Cochrane Campbell
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (741 download)
Download or read book Light Rail Impacts on Property Values written by Elizabeth Cochrane Campbell and published by . This book was released on 2011 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Light rail transit (LRT) systems are tools to help reduce traffic congestion and air pollution, promote high-density development and more affordable housing, and curtail urban sprawl in metropolitan cities throughout the United States. The impact of transit system services on property values has been studied from various perspectives using many statistical approaches. There are two general categories of effects that proximity to a light rail system can have on the value of residential properties: accessibility benefits (experienced in close proximity to the LRT stations) might increase property values, while nuisance qualities (experienced in both proximity to the LRT line and stations) could have a negative effect on residential property values. Due to the opposing nature of these coexisting effects, results from many empirical studies have been contradictory or inconclusive. This report reviews the spectrum of results found by the growing body of literature focusing on the capitalization effects of rail stations on property values. The economic effect of one particular LRT system, the 7.5 mile long METRORail line located in Houston, Texas, on the value of properties within close proximity to rail stations has not been thoroughly examined, as it only opened for service in 2004. This study utilizes property data acquired from the Harris County Appraisal District (HCAD), Geographic Information System (GIS) techniques, and Hedonic Price Models to analyze the impact of the LRT system in the city of Houston, Texas, on the value of residential properties that lie within close proximity to the line's rail stations.
Author : Andrew J. Schouten
Publisher :
ISBN 13 :
Total Pages : 99 pages
Book Rating : 4.:/5 (12 download)
Download or read book Rail Infrastructure and Property Values written by Andrew J. Schouten and published by . This book was released on 2015 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the value of real estate located near train stations may benefit from the increased access and mobility that rail transit systems provide, in most cases these properties are also subject to the negative aspects--for example noise, vibration, and crowding--that are characteristic of close proximity to rail infrastructure. Because closeness to rail transit often simultaneously produces such a mix of amenity and disamenity for those living or working nearby, the true impact of rail station proximity on property values is often difficult to measure. This study seeks to clarify the nature of the relationship between rail station access and property values by focusing on the impact of Charlotte, North Carolina's rail transit system on the price of nearby residential property. Sales price data for homes within one mile of three types of rail infrastructure--existing light rail stations, light rail stations currently under construction, and a proposed heavy rail commuter line--was collected, and hedonic price models were used to estimate the effect of rail proximity on the sales value of these homes. Among the properties analyzed, only single-family homes located near existing light rail stations benefitted from higher sales prices with increased proximity to the transit system. Other properties within one mile of Charlotte's rail transit network--including condominiums near existing light rail stations, single-family homes near stations under construction, and single-family homes near a proposed commuter line--saw their values decrease with increased closeness to rail infrastructure.
Author : Tangerine Maria Almeida
Publisher :
ISBN 13 :
Total Pages : 228 pages
Book Rating : 4.:/5 (567 download)
Download or read book Impact of Proximity to Light Rail Rapid Transit on Station-area Property Values in Buffalo, New York written by Tangerine Maria Almeida and published by . This book was released on 2004 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Siman Ning
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (119 download)
Download or read book The Impact of Light Rail Station Type on Single Family Residential Property Value in the City of Portland, OR written by Siman Ning and published by . This book was released on 2020 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Light rail projects increase accessibility and light rail stations should result in a land value uplift (LVU) benefit for housing near stations. Extensive research has tested this hypothesis, generally using distance or distance band as a proxy of accessibility. However, the context of transit stations has not gained enough attention in past research. This research divides light rail stations into four different types based on land use ratio, density, sidewalk length, and accessibility; then, the station types are incorporated into a hedonic model. The modeling results confirm the price premium brought by light rail stations to nearby single-family homes. Findings also suggest that, after controlling for accessibility, TOD impacts on single family housing price varies in relation to station type. In other words, station area land use matters when considering land use value capture from light rail development. Future research should further examine how surrounding land uses interact with TOD in affecting housing price.
Author : Robert Cervero
Publisher :
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4.:/5 (52 download)
Download or read book Changes in Property Values Induced by Light Rail Transit written by Robert Cervero and published by . This book was released on 1996 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stephen Henry Plevak
Publisher :
ISBN 13 :
Total Pages : 178 pages
Book Rating : 4.:/5 (682 download)
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.
Author : Abbe B. Vernick
Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.:/5 (561 download)
Download or read book Impact of Light Rail Transit on Residential Property Values written by Abbe B. Vernick and published by . This book was released on 2003 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David Schrank
Publisher : DIANE Publishing
ISBN 13 : 1437905609
Total Pages : 24 pages
Book Rating : 4.4/5 (379 download)
Download or read book Urban Mobility Report (2004) written by David Schrank and published by DIANE Publishing. This book was released on 2008-10 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Congestion continues to grow in America¿s urban areas. This report presents details on the 2004 trends, findings and what can be done to address the growing transportation problems. Trend data from 1982 to 2002 for 85 urban areas provides both a local view and a national perspective on the growth and extent of traffic congestion. The 2004 Report provides clear evidence that the time for improvements has arrived. Communicating the congestion levels and the need for improvements is a goal of this report. The decisions about which, and how much, improvement to fund will be made at the local level according to a variety of goals, but there are some broad conclusions that can be drawn from this database. Tables.
Author : Ze Wang
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (972 download)
Download or read book The Impact of Light Rail Transit-oriented Development on Residential Property Value in Seattle, WA written by Ze Wang and published by . This book was released on 2016 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study seeks to investigate the impact of transit-oriented development (TOD) on residential property values using the case of Link light rail TOD in Seattle. While many previous studies decompose TOD impact into constituent parts, the study captures the integrated influence of TOD. Hedonic pricing method is employed and time-series analysis is conducted for three selected light rail station areas. Dummy variables are designed to reflect TOD proximity and relevant structural characteristics, locational conditions, as well as social-economic attributes are identified and controlled in regression models. Results demonstrate that TOD impact is different across time periods. In pre and during construction periods, TOD does not have statistical significant influence on the prices of residential properties; in after-construction period, TOD has significant positive impact on values of residential properties that are located within 0.25-0.50 mile from the light rail station.
Author :
Publisher :
ISBN 13 :
Total Pages : 154 pages
Book Rating : 4.:/5 (1 download)
Download or read book Rail Transit Investments, Real Estate Values, and Land Use Change written by and published by . This book was released on 1995 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher : Transportation Research Board
ISBN 13 : 0309258243
Total Pages : 695 pages
Book Rating : 4.3/5 (92 download)
Download or read book Track Design Handbook for Light Rail Transit written by and published by Transportation Research Board. This book was released on 2012 with total page 695 pages. Available in PDF, EPUB and Kindle. Book excerpt: TCRP report 155 provides guidelines and descriptions for the design of various common types of light rail transit (LRT) track. The track structure types include ballasted track, direct fixation ("ballastless") track, and embedded track. The report considers the characteristics and interfaces of vehicle wheels and rail, tracks and wheel gauges, rail sections, alignments, speeds, and track moduli. The report includes chapters on vehicles, alignment, track structures, track components, special track work, aerial structures/bridges, corrosion control, noise and vibration, signals, traction power, and the integration of LRT track into urban streets.
Author : Christopher Ferrell
Publisher :
ISBN 13 :
Total Pages : 170 pages
Book Rating : 4.:/5 (356 download)
Download or read book The Effects of Light Rail Transit on Urban Density and Property Values written by Christopher Ferrell and published by . This book was released on 1995 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stephen Anderson
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (741 download)
Download or read book Impact of Light Rail Transit Proximity on Single-family Home Value Appreciation in Portland, Oregon 1998-2007 written by Stephen Anderson and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: ABSTRACT: The mobility and accessibility offered by living in walkable proximity to transit cannot be understated. Enter, Portland, Oregon, the city that pioneered its Urban Growth Boundary (UGB) in 1979. The UGB in concert with Metro, the city's regional governing body has one of the highest per capita light rail uses in the United States(American Public Transportation Association, 2008). Currently three lines (soon to be four) and nearly forty stations serve this metro area (numbering two million people) connecting jobs, entertainment, and the necessities of life with residents. Numerous studies examine the impact transit access has on property values as far back as the 1960s (Hess & Almeida, 2006). A large body of work exists on how just the preparation of planning a transit line can affect property values. This thesis examines the single family home real estate appreciation rates around five light rail stations throughout the region. The proximity to LRT should reflect in higher valuation of the land. The five stops are also categorized as low or high-income areas as well as having new, existing or no light rail access. This thesis examines via parcel data home value appreciation rate through 1997-2007 and compares the appreciation rates between single -family residential units in areas that are within a quarter-mile of a rail station versus those who are not.
Author : Rachel R. Weinberger
Publisher :
ISBN 13 :
Total Pages : 294 pages
Book Rating : 4.:/5 (34 download)
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:
Author : Jessica Mary Rewers
Publisher :
ISBN 13 :
Total Pages : 182 pages
Book Rating : 4.:/5 (669 download)
Download or read book Identifying the Impacts of Light Rail Station Location on Residential Property Values in the City of Sacramento written by Jessica Mary Rewers and published by . This book was released on 2009 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yingfei Huang
Publisher :
ISBN 13 :
Total Pages : 85 pages
Book Rating : 4.:/5 (974 download)
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.
