Mass Transit And Property Values?

If property values increase for land adjacent to mass transit, is this a compelling argument for residents to support transit?

1 minute read

January 24, 2003, 6:00 AM PST

By Chris Steins @planetizen

"If proximity to mass transit is indeed a boon to commercial property values, as a recent study suggests, Orange County transit officials say they hope to play that card to build support for the proposed $1.2-billion, 11-mile CenterLine light-rail system... Light-rail critics, however, emphasized other conclusions in the study showing that single-family home values increased only slightly or declined 5% to 10%, especially in areas along tracks that had the noise and view disadvantages of rail service but not the benefit of easy access to a station."

Thanks to Tom Collins

FULL STORY: Rail and Property Values -- Some Gains and a Few Pains

Thursday, January 23, 2003 in The Los Angeles Times

Transportation California

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