VALUE CAPTURE IN TRANSIT: THE CASE OF THE LINDENWOLD HIGH SPEED LINE. FINAL REPORT

摘要: Value capture, in this case, is the taking of some or all enhanced value property which caused by government's investment a transit system. Various studies have suggested that capture be used to help finance systems. Recent captured very small and tightly spatially concentrated around investment. An interdependent set models modal choice, station travel savings are developed using economic law market areas. Such separate auto users from users, A B, connect locii points where user saves an equal amount money over auto. All these yield hyperbolas bend stations on Line. The choice model tested access data for suburban Line morning rush hour (13,000 observations). While multinomial logit proposed give probability given characteristics vis-a-vis other stations' characteristics, because such would not run set, chosen most often any location assumed preferred location. postulating residential sales price function property, neighborhood distance CBD, savings. examining what degree capitalized into selling property. Over 1,300 real estate transactions 1980 test model. Conclusions drawn concerning use as financing device context.