The Impact of Highways on Land Uses and Property Values PDF Download

Author: Arthur E. Warner
Publisher:
ISBN:
Category : Express highways
Languages : en
Pages : 176

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Author: United States. Federal Highway Administration. Socio-Economic Studies Division
Publisher:
ISBN:
Category : Clinical psychology
Languages : en
Pages : 196

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Author: Jason Carey
Publisher:
ISBN:
Category : Express highways
Languages : en
Pages : 180

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Book Description
This report examined the effects of freeway development on land use and property values. A case study was prepared for the Superstition Freeway (US60) corridor in Mesa and Gilbert, Arizona. Among the findings were the following observations: New freeways provide substantial benefits to users in the form of travel time savings and reductions in costs associated with operating motor vehicles. Access benefits are transferred from highway users to non-users through changes in property values. Freeway construction may have an adverse impact on some properties, but in the aggregate, property values tend to increase with freeway development. Not all property values are affected by freeways in the same way. Proximity to the freeway was observed to have a negative effect on the value of detached single-family homes in the US60 corridor, but to have a positive effect on multifamily residential developments (e.g., condominiums) and most commercial properties. The most important factor in determining negative impact on property values appears to be the level of traffic on any major roads in the proximate area, which implies that regional traffic growth is more significant than the presence of a freeway per se. Given the beneficial effects of freeway development on the value of certain types of properties, local governments may benefit from appropriate planning and zoning decisions in the vicinity of a freeway corridor.

Author: Alan J. Horowitz
Publisher:
ISBN:
Category : Land use
Languages : en
Pages : 186

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Author: United States. Bureau of Public Roads
Publisher:
ISBN:
Category : Roads
Languages : en
Pages : 246

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Author: Kihwan Seo
Publisher:
ISBN:
Category : Electronic dissertations
Languages : en
Pages : 134

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Book Description
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.

Author: Jesse L. Buffington
Publisher:
ISBN:
Category : Land use
Languages : en
Pages : 182

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Many studies are found in the literature pertaining to highway impacts on nonusers. This report contains a review of the types of highway impacts, highway impact assessment elements, techniques available to measure land use and land value impacts, and findings of previous studies which indicate the magnitude of land use and land value changes resulting from various types of highway improvement. The land use and/or land value impact measurement techniques are of three major types: (1) land use--land value measurement models, (2) land use--traffic models, and (3) land use--urban development models. Those of the first group have been used much more frequently than those of the other two groups. The finding of land use and land value studies are briefly described in narrative, tabular, or graphic form, acording to the following "key" characteristics of highway improvements and affected areas: (1) location of impact area, (2) type of highway improvement, (3) stage of development of impact area, and (4) dominant land use of impact area. The bulk of highway impact research has been directed toward measuring land use and land value impacts of new limited access highways located in suburban and rural areas. The literature contains no procedure that is designed for the highway analyst to use impact data from previous studies in predicting land use and land value impacts of proposed highway improvements. /FHWA

Author: United States. Federal Highway Administration. Office of Program and Policy Planning
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 268

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Author:
Publisher:
ISBN:
Category : Environmental impact statements
Languages : en
Pages : 210

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Author:
Publisher:
ISBN:
Category : Highway planning
Languages : en
Pages : 44

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Book Description
This guide was written as a quick primer for transportation professionals and analysts who assess the impacts of proposed transportation actions on communities. It outlines the community impact assessment process, highlights critical areas that must be examined, identifies basic tools and information sources, and stimulates the thought-process related to individual projects. In the past, the consequences of transportation investments on communities have often been ignored or introduced near the end of a planning process, reducing them to reactive considerations at best. The goals of this primer are to increase awareness of the effects of transportation actions on the human environment and emphasize that community impacts deserve serious attention in project planning and development-attention comparable to that given the natural environment. Finally, this guide is intended to provide some tips for facilitating public involvement in the decision making process.