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Title:

Impact of the Saint Paul Metro Green Line Light Rail Transit on Residential Property Values

Accession Number:

01594803

Record Type:

Component

Abstract:

Using parcel data from Saint Paul, Minnesota, a study of the residential property value impact of the Metro Green Line Light Rail Transit (LRT) is conducted. The goal of the study is to test for benefit transfer of results found in previous studies that assess the property value impact of the Metro Blue Line LRT in Minneapolis. The test study utilizes a geospatial hedonic pricing model that is consistent with other Blue Line studies to allow for comparisons of the property values impact in Saint Paul and those found in Minneapolis. The found similarities in return of investment specific to economic development can inform regional transportation planning and funding strategies that concern value capture.

Supplemental Notes:

This paper was sponsored by TRB committee ADD10 Standing Committee on Transportation and Economic Development.

Monograph Accession #:

01584066

Report/Paper Numbers:

16-2746

Language:

English

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 United States

Authors:

Ko, Kate

Pagination:

18p

Publication Date:

2016

Conference:

Transportation Research Board 95th Annual Meeting

Location: Washington DC, United States
Date: 2016-1-10 to 2016-1-14
Sponsors: Transportation Research Board

Media Type:

Web

Features:

Maps; References (16) ; Tables

Candidate Terms:

Geospatial analysis

Subject Areas:

Economics; Planning and Forecasting; Public Transportation

Source Data:

Transportation Research Board Annual Meeting 2016 Paper #16-2746

Files:

TRIS, TRB, ATRI

Created Date:

Jan 12 2016 5:13PM