00238278

Component

http://onlinepubs.trb.org...ubs/hrr/1964/54/54-007.pdf

SEVERANCE DAMAGE STUDIES ARE INTENDED TO PROVIDE THE INFORMATION WHICH WILL PERMIT EQUITABLE PAYMENTS TO BE MADE FOR PROPERTY TAKEN FOR HIGHWAY RIGHT-OF-WAY. CASES IN WHICH HIGHWAY RIGHT-OF-WAY PROPERTY IS ACQUIRED BY AMICABLE NEGOTIATION CONSTITUTE THE BULK OF ALL HIGHWAY-TAKING CASES. HOWEVER, FOR THE CASES WHICH DO RESULT IN COURT PROCEEDINGS, ECONOMIC OR SEVERANCE DAMAGE STUDIES CAN BE HELPFUL IN REACHING EQUITABLE DECISIONS. STUDY FINDINGS MAY BE PRESENTED ON THE BASIS OF JUST COMPENSATION, COMPARISON OF THE RECOVERY RATE, AND MULTIPLE REGRESSION ANALYSIS. THE RECOVERY RATE IS THE PER ACRE SELLING PRICE DIVIDED BY THE PER ACRE VALUE AT THE TIME OF TAKING. MULTIPLE REGRESSION ANALYSIS PERMITS THE MEASUREMENT OF THE ASSOCIATION BETWEEN THE RECOVERY RATE OF OF REMAINDER PARCELS AND SEVERAL OF THE VARIABLES INFLUENCING THE RECOVERY RATE. THE STUDY INDICATED THAT THE RECOVERY RATE IF TYPICALLY MORE THAN 100 PERCENT WITH MEDIAN RECOVERY RATE ABOUT 138 PERCENT. WHEN THE SIMULTANEOUS EFFECT ON THE RECOVERY RATE OF SEVERAL FACTS ACTING IN COMBINATION WAS STUDIED, THE MOST INFLUENTIAL FACTORS WERE FOUND TO BE /A/ CHANGE IN LAND USE, /B/ TIME ELAPSING FROM ACQUISITION TO SALE, /C/ TRAVEL DISTANCE TO THE NEW HIGHWAY, /D/ TYPE OF REMAINDER, AND /E/ NEARNESS TO INTERCHANGE. REFERENCES' MANUAL FOR HIGHWAY SEVERANCE DAMAGE STUDIES, U. S. BUREAU OF PUBLIC ROADS, WASHINGTON, D. C. ECONOMIC EVIDENCE IN RIGHT-OF-WAY LITIGATION, S. GOLDSTEIN , GEORGETOWN LAW JOUR., 50/2/' 205-233.

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pp 68-92

1964

Highway Research Record

Digital/other

Appendices (1) ; Figures (16) ; References (11) ; Tables (15)

Case studies; Distance; Highways; Interchanges; Interchanges and intersections; Land use; Legal documents; Location; Loss and damage; Present value; Pricing; Property acquisition; Regression analysis; Right of way (Land); Sales; Time; Travel

Change; Remainders (Property law); Severance; Value

Data and Information Technology; Finance; Highways; Law

TRIS, TRB

Mar 24 1994 12:00AM

• A DIGITAL COMPUTER TECHNIQUE FOR CALCULATING COSTS OF RIGHT-OF-WAY
• A REVIEW OF INVERSE CONDEMNATION
• ANALYSIS AND EVALUATION OF OREGON CONDEMNATION CASES
• APPLICATION OF CRITICAL PATH METHOD TO A HIGHWAY RIGHT-OF-WAY OPERATION
• COMMUNITY EFFECTS ON REMAINDER PARCEL VALUATION
• RECENT TRENDS IN HIGHWAY CONDEMNATION LAW
• Report of Committee on Land Acquisition and Control of Highway Access and Adjacent Areas
• THE DISCOVERY PROCESS IN HIGHWAY LAND ACQUISITION