Value Capture to Fund Public Transportation: The Impact of Warm Springs BART Station on the Value of Neighboring Residential Properties in Fremont, CA [supporting datasets]

Details

• Creators:
  Mathur, Shishir
• Corporate Creators:
  Mineta Transportation Institute
• Corporate Contributors:
  United States. Department of Transportation. Office of the Assistant Secretary for Research and Technology
• Subject/TRT Terms:
  • Land use
  • Land values
  • Least squares method
  • Property taxes
  • Rail transit stations
  • Real estate development
  • Residential location
  • Transit oriented development
  • Value capture transportation economics
  • finance
  More +
• Publication/ Report Number:
  19-11
• DOI:
  https://doi.org/10.21949/1519058
• Resource Type:
  Dataset
• Geographical Coverage:
  California;United States
• Corporate Publisher:
  Mineta Transportation Institute
• Abstract:
  This study estimates households’ willingness to pay for single-family houses and condominiums/townhouses located within 2 miles of Warm Springs (WS) BART Station in Fremont, CA. The study finds that, compared to the houses sold in the referent category (2 to 5 miles away and sold during the pre-project-announcement period of 2000-2001), an average-priced single-family house within two miles of the WS BART Station was higher in price by 9% to 15%. The total property value increment for the single-family houses is large enough to fund the $802 million Warm Springs BART Extension Project cost five times over.
• Format:
  ZIP
• Funding:
  69A3551747127
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/50556/dot_50556_DS1.pdf
• File Type:
  [PDF - 190.37 KB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha-512:8eebf6c13c127f641118650dacf6ac5d069abb75f21ba089cadf224b5e3c9911369f7397d2d83d80b9293c6257eaf2c509f5fd0aec72923e2af6c4f00e999dfa