Title: CAPITALIZATION OF TRANSIT INVESTMENTS INTO SINGLE-FAMILY HOME PRICES: A COMPARATIVE ANALYSIS OF FIVE CALIFORNIA RAIL TRANSIT SYSTEMS
Abstract: It has become popular in recent years to suggest that rail mass transit investment can be a useful implementation lever for guiding urban growth. It is often argued that rail mass transit extensions, along with supportive land use policies, will encourage higher residential densities and the development of mixed-use, pedestrian-oriented urban villages, particularly near transit stations. This paper provides a comparative perspective on the relative economic benefits, as capitalized into nearby home values, of five California heavy and light-rail transit systems: BART; CalTrain; San Jose's light-rail system; Sacramento's light-rail system; and, the San Diego Trolley.
Publication Year: 1994
Publication Date: 1994-01-01
Language: en
Type: preprint
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Cited By Count: 58
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