[sustran] Re: Transportation investments and real estate values

[Antony Julian Plumbe]

Dear Eric,

The Light Rail Transit new lines in Kuala Lumpur are 
partly financed I understand by allowing the private 
companies developing the lines also to develop shopping 
centres at selected stations and recoup their costs 
through rental of the shops. The same principles are 
used in many BOT type contracts in Asia.

Closer to Europe, I think you will find an article in 
the Journal of Transport Economics and Policy published 
about 1988 reporting a hedonic price analysis applied to 
the housing around Manchester airport. The author may 
have a suitable data base.

Tony Plumbe

On Fri, 18 Jun 1999 10:57:22 +0200 Eric Britton 
<eric.britton at ecoplan.org> wrote:

> Robert Ayres of the Center for Environmental and Resource Management is
> attempting to develop some statistical information and background on this
> topic and has asked me for leads. The idea of course is simple enough --
> someone invests in transportation improvements in a given area and, maybe,
> real estate values go up.  Sounds logical, but does anyone know where he can
> turn for some statistical evidence of what actually happens in some cases.
> 
> Of course we will be pleased to share our results.
> 
> Kind thanks,
> 
> Eric Britton
> 
> ecopl at n ___  technology, economy, society  ___
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