Transit's value-added effects - Light and commuter rail services and commercial land values
Transit's value-added effects - Light and commuter rail services and commercial land values
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DOI：
10.3141/1805-02
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发表时间：
2002-01-01
期刊：
影响因子：
--
通讯作者：
Duncan, M
中科院分区：
文献类型：
--
作者：
Cervero, R;Duncan, M
以公共交通为导向的发展作为减少交通拥堵、促进经济适用房和遏制城市扩张的一种手段而受到青睐。在快速发展的加州圣克拉拉县，靠近轻轨和通勤铁路站的影响被建模为商业零售和办公物业的高速公路立交桥的影响。从特征价格模型，大量的资本化效益被发现，在一个典型的商业地块附近的轻轨列车的顺序为23%。位于商业区且距离通勤铁路站0.25英里范围内的商业用地的比例超过120%。这些证据不仅对开发商和贷款人有用，而且对因靠近铁路而面临所谓负外部性诉讼的交通机构也有用。它还可以帮助设计创造性融资，如价值捕获计划。
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.