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Coal Trains And Home Values: The Effect Of The Gateway Pacific Terminal Project On Housing Prices In Bellingham, Washington, Rose G. Howe
Coal Trains And Home Values: The Effect Of The Gateway Pacific Terminal Project On Housing Prices In Bellingham, Washington, Rose G. Howe
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The proposal to build the Gateway Pacific Terminal generated much controversy in Bellingham, Washington. As a deep-water port slated to export large quantities of coal and other commodities, the Gateway Pacific Terminal (GPT) threatened to increase the amount of rail traffic passing through the region.The following study uses a hedonic price model to test whether proximity to the railroad affected the sales price of houses in Bellingham after the announcement of the GPT environmental review process. Little previous research focuses on the effect of rail traffic on housing prices in the Pacific Northwest and no empirical studies have examined the …