Architecture Commons^™

Impacts Of Transportation Infrastructure Proximity And Accessibility On Real Property Values, Arturo Bujanda

Open Access Theses & Dissertations

Investments in public infrastructure such as highways, airports, mass transit, and stadiums can increase adjacent property values, generating a value premium for private developers and adjacent property owners. A portion of this value can be "captured" as public revenue via property taxes to assist financing such improvements. States and local governments aim to anticipate and capture the economic value created by transportation accessibility. While value capture (VC) represents an opportunity for regional agencies to recapture some transportation infrastructure costs, it is not clear how much value is added by the infrastructure in a particular region. This research applies geographic weighted …