00677630

Component

http://onlinepubs.trb.org...trr/1994/1466/1466-012.pdf

https://scholar.google.co...g+Jr&publication_year=1994

Limited empirical evidence currently exists concerning the capitalization effects of commuter rail facilities. Both positive and negative influences may be present. Transportation agencies and property owners often differ in their views over both the existence and the extent of such impacts from commuter rail facilities, and resulting public participation can have a significant impact on the planning and design process of commuter rail facilities. Single-family residential properties in metropolitan Boston, Massachusetts, are examined. Results indicate that there is an increase in single-family residential property values of approximately 6.7% by virtue of being located within a community having a commuter rail station. At the regional level there appears to be a significant impact on single-family residential property values resulting from the accessibility provided by commuter rail service. Findings related to commuter rail-generated right-of-way proximity effects are inconclusive. The potential policy implications of these findings are discussed in the context of property value impacts associated with the construction and operation of new commuter rail facilities.

This paper appears in Transportation Research Record No. 1466, Issues in Land Use and Transportation Planning, Models, and Applications. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved

01401286

English

p. 88-98

1994

Transportation Research Record

0309060729

Figures (2) ; References (21) ; Tables (5)

Accessibility; Design; Planning; Policy; Property values; Railroad commuter service; Residential areas; Right of way (Land)

Proximity

Boston (Massachusetts)

Design; Highways; Planning and Forecasting; Policy; Public Transportation; I72: Traffic and Transport Planning

TRIS, TRB

May 9 1995 12:00AM

• APPLICATION FRAMEWORKS, INFORMATION SYSTEMS, AND INTERMODAL SURFACE TRANSPORTATION EFFICIENCY ACT
• APPLICATION OF ADAPTIVE AND NEURAL NETWORK COMPUTATIONAL TECHNIQUES TO TRAFFIC VOLUME AND CLASSIFICATION MONITORING
• CHANGES IN REGIONAL TRAVEL CHARACTERISTICS AND TRAVEL TIME EXPENDITURES IN SAN FRANCISCO BAY AREA: 1960-1990 (WITH DISCUSSION
• DYNAMICS OF POLICY CHANGE: REFLECTIONS ON 1991 FEDERAL TRANSPORTATION LEGISLATION
• EFFECT OF NEOTRADITIONAL NEIGHBORHOOD DESIGN ON TRAVEL CHARACTERISTICS
• FTA-FHWA METROPOLITAN PLANNING ORGANIZATION REVIEWS: PLANNING PRACTICE UNDER INTERMODAL SURFACE TRANSPORTATION EFFICIENCY ACT AND CLEAN AIR ACT AMENDMENTS
• GETTING AROUND A TRADITIONAL CITY, A SUBURBAN PLANNED UNIT DEVELOPMENT PUD), AND EVERYTHING IN BETWEEN
• IMPACTS OF MIXED USE AND DENSITY ON UTILIZATION OF THREE MODES OF TRAVEL: SINGLE-OCCUPANT VEHICLE, TRANSIT, WALKING
• IMPLEMENTING INTERMODAL SURFACE TRANSPORTATION EFFICIENCY ACT OF 1991: ISSUES AND EARLY FIELD DATA
• IMPULSE TRIPS TO SHOPPING CENTERS
• INTERMODAL SURFACE TRANSPORTATION EFFICIENCY ACT AND INTERACTIVE TRANSPORTATION PLANNING AND DECISION SUPPORT: A NEW CONCEPTUAL MODEL
• LAND USE TRANSPORTATION MODELS FOR POLICY ANALYSIS
• MULTIMODAL TRIP DISTRIBUTION: STRUCTURE AND APPLICATION
• RESIDENTIAL DENSITY AND TRAVEL PATTERNS: REVIEW OF THE LITERATURE
• STATED PREFERENCE INVESTIGATION OF INFLUENCES ON ATTRACTIVENESS OF RESIDENTIAL LOCATIONS