Roadway alignments as assets: evaluating alternatives for valuing major highway corridor rights of way.

Plazak, David J.

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Roadway alignments as assets: evaluating alternatives for valuing major highway corridor rights of way.

2010-12-01
By Plazak, David J.

File Language:

English

Details

Creators:

Plazak, David J.
Corporate Creators:

Iowa State University. Center for Transportation Research and Education
Corporate Contributors:

Midwest Transportation Consortium ; Iowa. Dept. of Transportation
Subject/TRT Terms:
Publication/ Report Number:

MTC Project 2003-02
Resource Type:

Tech Report
Geographical Coverage:

United States
Corporate Publisher:

Iowa State University. Center for Transportation Research and Education
NTL Classification:

NTL-ECONOMICS AND FINANCE-ECONOMICS AND FINANCE ; NTL-HIGHWAY/ROAD TRANSPORTATION-HIGHWAY/ROAD TRANSPORTATION
Abstract:

In most highway asset management exercises, real estate used in alignments is considered to be an asset class that does not depreciate. Although the treatment of right of way assets as non-depreciable real property may be appropriate as an accounting exercise, the fact is that the real estate contained in transportation corridors can in fact lose value from a traffic service point of view. Such facilities become functionally obsolete in that they no longer serve the purpose that was intended when they were planned, designed, and built. ; This report is intended to begin a discussion of the topic of how highway alignments ought be valued as assets as opposed to how they generally are valued, at either book value or replacement value, given it can be shown that some highway alignments do in fact depreciate in value.
Format:

PDF
Download URL:

https://rosap.ntl.bts.gov/view/dot/26083/dot_26083_DS1.pdf
File Type:

[PDF - 701.54 KB]
Collection(s):

University Transportation Centers ; US Transportation Collection
Main Document Checksum:

urn:sha-512:db24dfb3afd93bd91ef5fd1014527699d1a346815328a4d450b91ecdbfdde90318072f12d05bd873e39d6c82d3a613d1b82bee2891fd6007d3c9cf8c02e00f47

File Language:

English

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