When the public sector sponsors projects to promote general welfare, disproportionate benefits or disproportionate burdens often fall on individuals. In Santa Clara County, California, private property owners sued the county for damages, claiming a burden due to the existence of light rail transit (LRT). By looking at rental rates for commercial property, the present research tests several hedonic specifications to determine what effect, if any, LRT has on proximate property values. It also compares transit accessibility with highway accessibility as determinants of rent. An understanding of this effect allows the county to make informed decisions in its defense against the suits brought and allows other government entities to make informed decisions with respect to the building of future LRT systems. The results indicate that, when controlling for other factors, properties that lie within 0.8 km (0.5 mi) of a light rail station command a higher lease rate than other properties in the county. When controlling for highway access, the rail proximity benefit was maintained, and it was shown that highway coverage in the county is so dense that there are no particular locational advantages associated with highway coverage.


    Access

    Download

    Check availability in my library

    Order at Subito €


    Export, share and cite



    Title :

    Light Rail Proximity: Benefit or Detriment in the Case of Santa Clara County, California?


    Additional title:

    Transportation Research Record


    Contributors:


    Publication date :

    2001-01-01




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English



    Light Rail Proximity: Benefit or Detriment in the Case of Santa Clara County, California?

    Weinberger, R. R. / National Research Council | British Library Conference Proceedings | 2001



    Vintage Trolleys in Santa Clara County

    Gaddis, M. R. / National Research Council; U.S.; Transportation Research Board / International Union of Public Transport et al. | British Library Conference Proceedings | 1992


    Berryessa Creek Channel Junctions, Santa Clara County, California: Hydraulic Model Investigation

    Davis, W. Glenn | HENRY – Federal Waterways Engineering and Research Institute (BAW) | 1993

    Free access