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Title:

MAXIMIZING RETURNS THROUGH JOINT DEVELOPMENT

Accession Number:

00372295

Record Type:

Component

Abstract:

Joint Development/multiple-use development is a coordinated planning and implementation process carried on cooperatively by highway and other agencies or organizations for the corridor that will be affected by the proposed highway. The single most important benefit from joint development is its economic impact. It often leads to additional state revenues through rental of property or air rights, increased tax base, and through decreased cost of land acquisition for public facilities. Also, it has been found that in urban areas, the cost of acquiring a whole block property would be only slightly higher than the cost of acquiring the minimum freeway right-of-way after severance damages are included. Through proper joint development planning with private and other government entities, the economic feasibility of a highway facility can be a reasonable expectation. Successful joint development projects across the country are briefly noted. Also, in recent years, the Federal Highway Administration, in conjunction with other modes of transportation, has been developing multiple transportation uses of highway rights-of-way. Several instances of railroad utilizing the highway rights-of-way have been developed. An issue that many planners are starting to face is that many of the joint development and multiple use proposals must now be oriented toward already constructed highways. The thrust of efforts in this area must be toward making maximum use of what is already built while assuring maximum returns from what is being built.

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 United States

Authors:

Bowers, K S

Pagination:

p. 1-2

Publication Date:

1979

Serial:

Land Use and Transportation

Publisher: Transportation Research Board

Period Covered:

Winter

Uncontrolled Terms:

Subject Areas:

Economics; Finance; Highways; Planning and Forecasting; Railroads; Society; I10: Economics and Administration

Files:

TRIS, TRB

Created Date:

May 31 1983 12:00AM

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