Transit's value-added effects - Light and commuter rail services and commercial land values

被引：163

作者：

Cervero, R ^{[1
]}

Duncan, M ^{[1
]}

机构：

[1] Dept City & Reg Planning, Berkeley, CA 94720 USA

来源：

TRAVEL DEMAND AND LAND USE 2002: PLANNING AND ADMINISTRATION | 2002年 / 1805期

关键词：

D O I：

10.3141/1805-02

中图分类号：

TU [建筑科学];

学科分类号：

0813 ;

摘要：

Transit-oriented development has gained favor as a means of reducing traffic congestion, promoting affordable housing, and curbing sprawl. The effects of proximity to light and commuter rail stations are modeled as are the effects of freeway interchanges on commercial-retail and office properties in fast-growing Santa Clara County, California. From hedonic price models, substantial capitalization benefits were found, on the order of 23% for a typical commercial parcel near a light rail tran. sit stop and more than 120% for commercial land in a business district and within 0.25 mi of a commuter rail station. Such evidence is of use not only to developers and lenders but also to transit agencies facing lawsuits over purported negative externalities associated with being near rail. It can also help in the design of creative financing, such as value-capture programs.

引用

页码：8 / 15

页数：8