Effects of construction and operation phases on residential property prices of the Caribbean's first modern rail transit system
作者： John Loomis , Yoanna Lopez de Jesus , Luis Santiago
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摘要: The empirical issue of the rate capitalization benefits proximity to a public heavy rail transit system is investigated. In San Juan, Puerto Rico, we find that during construction period there no premium residences close line. When pooling house sales data for and operation phase, estimated one-half price once commences. We attribute this lack uncertainty regarding completion such large projects by government with poor track record completing as announced, inconvenience associated living activity. Once begins operation, are eliminated, becomes statistically significant, twice when phases.
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