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Rail Infrastructure And Property Values
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Book Synopsis Rail Infrastructure and Property Values by : Andrew J. Schouten
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.
Book Synopsis Documentation and Preliminary Analysis of Property Values Surrounding Austin's Commuter Rail Stations by : Chad Coburn
Download or read book Documentation and Preliminary Analysis of Property Values Surrounding Austin's Commuter Rail Stations written by Chad Coburn and published by . This book was released on 2007 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commuter rail infrastructure often adds value to neighboring properties. The best methods to measure changes in values require baseline data from a year prior to system implementation. The current planning of a commuter rail in Austin, TX presents the need to document property values for future studies. The report records 2005 property values from Travis and Williamson Central Appraisal Districts, using GIS to group the data by various distances away from the proposed train stations. In addition, a large set of secondary improvement data and census demographic information about each site has been accumulated. Future researchers will be able to conduct matched-pair and multivariable regression models with the data, and rely on the station descriptions for a solid understanding of the sites and their relationships.
Book Synopsis The Effects of Transportation Infrastructure on Nearby Property Values by : William Huang
Download or read book The Effects of Transportation Infrastructure on Nearby Property Values written by William Huang and published by . This book was released on 1994 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Is Transport Infrastructure Effective? by : Piet Rietveld
Download or read book Is Transport Infrastructure Effective? written by Piet Rietveld and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: When in 1989 the authors started research on infrastructure, they did not foresee that this would lead to a long-term involvement in this area. Our beginning happened to coincide with the publication of David Aschauer's article on public capital and productivity, which induced a large flow of publications in this field. Infrastructure has indeed been a hot topic in policy and research during the past decade. It is surprising, however, that the number of monographs on spatial and economic impacts of infrastructure has remained very limited. The aim of this book is to contribute to the literature in a consolidated way. A distinguishing feature of our book is that we analyze infrastructure impacts using various methods (both modelling and non-modelling) at a variety of spatial levels (from local to international). Other special features are that we make ample use of 'accessibility' as a bridge concept between the areas of infrastructure and the economy. Finally, we not only treat transport infrastructure projects as given, as is the usual approach in infrastructure impact research, but we also analyze the factors influencing infrastructure supply. We have adopted a mainly non-technical approach throughout most of the book. This means that it can also be used by readers without a strong back ground in statistics, modelling or micro-economics.
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 Financing Transit-Oriented Development with Land Values by : Hiroaki Suzuki
Download or read book Financing Transit-Oriented Development with Land Values written by Hiroaki Suzuki and published by World Bank Publications. This book was released on 2015-01-15 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides cities with strategies and methodologies for applying land value capture financing schemes for capital-intensive transit and transit-related investments, based on the successful experiences of Mass Transit Railway Corporation in Hong Kong SAR, China, and Japanese railway companies in Tokyo metropolitan areas.
Book Synopsis The Development Dimension Road and Rail Infrastructure in Asia Investing in Quality by : OECD
Download or read book The Development Dimension Road and Rail Infrastructure in Asia Investing in Quality written by OECD and published by OECD Publishing. This book was released on 2018-10-06 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Road and Rail Infrastructure in Asia: Investing in Quality discusses the challenges facing the region and possible policy options, including those previously or currently used in Emerging Asian countries, with reference to the experiences of OECD member countries.
Author :United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Railroads Publisher : ISBN 13 : Total Pages :192 pages Book Rating :4.0/5 (9 download)
Book Synopsis Rail Infrastructure by : United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Railroads
Download or read book Rail Infrastructure written by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Railroads and published by . This book was released on 2001 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs Publisher : ISBN 13 : Total Pages :120 pages Book Rating :4.:/5 (318 download)
Book Synopsis Investing in Infrastructure by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Download or read book Investing in Infrastructure written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2011 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unlocking Land Values to Finance Urban Infrastructure by : George E. Peterson
Download or read book Unlocking Land Values to Finance Urban Infrastructure written by George E. Peterson and published by World Bank Publications. This book was released on 2009 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Land-based financing of urban infrastructure is growing in importance in the developing world. Why is it so difficult to finance urban infrastructure investment, when land values typically increase by more than the cost of investment? Unlocking Land Values to Finance Urban Infrastructure examines the theory underlying different instruments of land-based finance, such as betterment levies, developer exactions, impact fees, and the exchange of publicly owned land assets for infrastructure. It provides a wealth of case-study illustrations of how different land-based financing tools have been implemented, and the lessons learned from these experiences. This practical guide is designed to help expand the role of land-based financing in urban capital budgets in a way that strengthens urban infrastructure finance and urban land markets.
Book Synopsis Economic Analysis of Infrastructure Investment by : Timothy F. Geithner
Download or read book Economic Analysis of Infrastructure Investment written by Timothy F. Geithner and published by DIANE Publishing. This book was released on 2011 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis High Speed Rail and China’s New Economic Geography by : Zhenhua Chen
Download or read book High Speed Rail and China’s New Economic Geography written by Zhenhua Chen and published by Edward Elgar Publishing. This book was released on 2019 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presenting an analytical approach to assessing the socioeconomic impact of high speed rail in China, and using a multilevel spatial analysis approach at both the national and the regional level, this book emphasizes capturing the spatial spillover effects of rail infrastructure development on China’s economic geography in terms of land use, housing market, tourism, regional disparity, modal competition, the economy and environment.
Book Synopsis The Economic Impact of the Preservation and Adaptive Reuse of Rail Tracks, the High Line in New York City by : Jiyoon Song
Download or read book The Economic Impact of the Preservation and Adaptive Reuse of Rail Tracks, the High Line in New York City written by Jiyoon Song and published by . This book was released on 2013 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considered to be one of the most successful recent economic development projects in New York City, the transformation of a recent section of former New York Central Railroad elevated track to the now-famous High Line Park has been the envy of designers and preservationists in cities across the US. The High Line project has been looked to as a model for a large number of cities with significant tracts of disused industrial infrastructure from the heyday of American railroads. Philadelphia is just one example of a community that has been attempting to replicate the High Line's success. However, the significant capital investment required to adaptively reuse elevated railroad structures is challenging. A critical examination of the High Line's economic impact, this study attempts to balance the sticker shock of such capital investment with the ongoing development benefit. It considers the number of jobs created by the project, the increase in household income and property values within the neighborhoods adjacent to the line, and subsequent demands on other industries. The study employs two quantitative methods to arrive at its conclusions: (1) Impact Analysis for Planning (IMPLAN) software for measuring the exact the dollar amount of economic benefits from historic preservation; (2) Geographic Information System (GIS) to present the changes of property values by collecting the data of property values along the High Line. This thesis concludes that there has been a positive economic impact from the High Line Park development.
Book Synopsis Innovative Infrastructure Financing through Value Capture in Indonesia by : Asian Development Bank
Download or read book Innovative Infrastructure Financing through Value Capture in Indonesia written by Asian Development Bank and published by Asian Development Bank. This book was released on 2021-05-01 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Indonesia needs significant additional infrastructure investment to sustain its economic growth. However, the COVID-19 pandemic has further limited the fiscal space of the government. This report proposes a new method to increase infrastructure investment based on the concept of value capture. The report studies how Indonesia's existing policies and regulations can be used to build a value capture framework that ensures the maximization of the social, economic, and environmental value of infrastructure investments. The framework focuses on strategies to deliver infrastructure projects that create greater value and, at the same time, generate funding for up-front investment.
Book Synopsis Smart Sustainable Cities of the Future by : Simon Elias Bibri
Download or read book Smart Sustainable Cities of the Future written by Simon Elias Bibri and published by Springer. This book was released on 2018-02-24 with total page 685 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is intended to help explore the field of smart sustainable cities in its complexity, heterogeneity, and breadth, the many faces of a topical subject of major importance for the future that encompasses so much of modern urban life in an increasingly computerized and urbanized world. Indeed, sustainable urban development is currently at the center of debate in light of several ICT visions becoming achievable and deployable computing paradigms, and shaping the way cities will evolve in the future and thus tackle complex challenges. This book integrates computer science, data science, complexity science, sustainability science, system thinking, and urban planning and design. As such, it contains innovative computer–based and data–analytic research on smart sustainable cities as complex and dynamic systems. It provides applied theoretical contributions fostering a better understanding of such systems and the synergistic relationships between the underlying physical and informational landscapes. It offers contributions pertaining to the ongoing development of computer–based and data science technologies for the processing, analysis, management, modeling, and simulation of big and context data and the associated applicability to urban systems that will advance different aspects of sustainability. This book seeks to explicitly bring together the smart city and sustainable city endeavors, and to focus on big data analytics and context-aware computing specifically. In doing so, it amalgamates the design concepts and planning principles of sustainable urban forms with the novel applications of ICT of ubiquitous computing to primarily advance sustainability. Its strength lies in combining big data and context–aware technologies and their novel applications for the sheer purpose of harnessing and leveraging the disruptive and synergetic effects of ICT on forms of city planning that are required for future forms of sustainable development. This is because the effects of such technologies reinforce one another as to their efforts for transforming urban life in a sustainable way by integrating data–centric and context–aware solutions for enhancing urban systems and facilitating coordination among urban domains. This timely and comprehensive book is aimed at a wide audience across science, academia industry, and policymaking. It provides the necessary material to inform relevant research communities of the state–of–the–art research and the latest development in the area of smart sustainable urban development, as well as a valuable reference for planners, designers, strategists, and ICT experts who are working towards the development and implementation of smart sustainable cities based on big data analytics and context–aware computing.
Download or read book Cities on Rails written by Luca Bertolini and published by Routledge. This book was released on 2005-08-03 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: Features the most successful and interesting current projects in this area of development and planning Responds to wide international interest in urban regeneration projects and transportation issues Offers practical guidance to complex issues based on research findings
Book Synopsis Arguments as to the Fair Taxable Value of the Railway Property in Wisconsin of the Chicago & North Western Railway, the Chicago, Milwaukee & St. Paul Railway and the Chicago, Burlington & Quincy Railroad Companies by : Wisconsin. Board of assessment
Download or read book Arguments as to the Fair Taxable Value of the Railway Property in Wisconsin of the Chicago & North Western Railway, the Chicago, Milwaukee & St. Paul Railway and the Chicago, Burlington & Quincy Railroad Companies written by Wisconsin. Board of assessment and published by . This book was released on 1904 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
