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http://onlinepubs.trb.org...ubs/hrr/1965/75/75-001.pdf

THE ECONOMIC EFFECTS OF CONTROLLED-ACCESS FACILITIES IN NORTH CAROLINA ON SURROUNDING PROPERTY VALUES AND DEVELOPMENT ARE BEING ASCERTAINED. TECHNIQUES EMPLOYED TO ISOLATE ECONOMIC INFLUENCE OF HIGHWAYS INCLUDE THE USE OF THE BEFORE-AND-AFTER METHOD IN COMBINATION WITH A MULTIPLE REGRESSION ANALYSIS FOR EACH PERIOD. THREE SECTIONS OF INTERSTATE ROUTES /I-95, I-40, I-85/ IN THREE COUNTIES /CUMBERLAND, GUILFORD, ROWAN/ ACROSS THE STATE WERE CHOSEN FOR INVESTIGATION. TO ESTIMATE THE INFLUENCE OF THESE FACILITIES, FACTORS OTHER THAN THOSE ASSOCIATED WITH THE HIGHWAY ARE EVALUATED. LAND VALUE, WHICH IS SELECTED AS THE INDICATOR OF ECONOMIC INFLUENCE, IS DETERMINED BY OBTAINING SALES PRICES FOR PARCELS SOLD IN THE STUDY PERIODS. THE EFFECTS OF EIGHT NON-HIGHWAY AND TWO HIGHWAY VARIABLES ARE ESTIMATED BY UTILIZING A MULTIPLE REGRESSION ANALYSIS. THE DATA ARE PROCESSED BY STANDARD PROCEDURES AND THEN ANALYZED BY ELECTRONIC COMPUTER. RESULTS OF THE ANALYSIS INDICATE THAT THE AVERAGE UNIT PRICE OF PROPERTY INCREASED SIGNIFICANTLY WITHIN ALL SITES. HOWEVER, PATTERNS OF SIGNIFICANCE FOR THE INDEPENDENT VARIABLES ARE MOST ERRATIC AND, AS A RESULT, THESE INCREASES CANNOT NECESSARILY BE ATTRIBUTED TO THE CONSTRUCTION OF THE TEST FACILITIES. THE PREDOMINANT TYPE OF LAND USE WITHIN THE STUDY AREAS IS FARM LAND, WHEREAS THE MOST ACTIVE CATEGORY IN TERMS OF SALES IS VACANT PROPERTY. THE STATISTICAL ANALYSIS INDICATES THAT THE INVESTIGATED HIGHWAYS HAVE HAD NO MEASURABLE EFFECT ON DEVELOPMENT WITHIN THE STUDY AREAS.

No75, Pp1-31, 22FIG, 5TAB, 28REF. 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.

01410035

pp 1-31

1965

Highway Research Record

Digital/other

Figures (22) ; References (28) ; Tables (5)

Before and after studies; Computers; Economic impacts; Freeways; Land use; Land values; Regression analysis; Statistical analysis

Interstate Highway System

North Carolina

North Carolina

Data and Information Technology; Economics; Highways; Society

TRIS, TRB

Dec 12 1994 12:00AM

• ECONOMICS OF HIGHWAY LOCATION: A CRITIQUE OF COLLATERAL EFFECT ANALYSIS
• FIVE YEARS OF HIGHWAY RESEARCH' A SOCIOLOGICAL PERSPECTIVE
• HIGHWAYS AS A FACTOR IN INDUSTRIAL LOCATION
• INFORMAL NOTES ON SOCIOLOGICAL EFFECTS OF HIGHWAYS
• INTERCHANGE PROTECTION AND COMMUNITY STRUCTURE
• SEMINAR ON SOCIOLOGICAL EFFECTS OF HIGHWAY TRANSPORTATION: INTRODUCTORY REMARKS
• SOCIAL IMPACT OF A HIGHWAY ON AN URBAN COMMUNITY
• SOCIO-ECONOMIC CHANGE IN VICINITY OF CAPITAL BELTWAY IN VIRGINIA
• WHO MAKES THE TRIPS? NOTES ON AN EXPLORATORY INVESTIGATION OF ONE-WORKER HOUSEHOLDS IN CHATTANOOGA