European Regional Science Association
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European Regional Science Association
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The abstract for paper number 319:
Haim Aviram, Center for Urban and Regional Studies
Technion - Israel Institute of Technology, Nesher, Israel, Dany Shefer, Facult of architecture and town planning and The Samuel Neeman Institute of advanced studies in science and technology, the Technion, Haifa, Israel
Differential Impact of a Large-Scale Transportation Project on Land Values
There is a wide acceptance as to the impact of major transportation projects on land values. However, not many studies documented these differential impacts by land use type. Studies that detected these differential impacts did so primarily with respect to land price. Nevertheless even the same land use type may be impacted differentially depending on its location characteristics, intensity of use, land ownership and more. Thus, these parcel of land may be referred to as “sub land-use types” that could be impacted differentially by the transport project, at least as far as the magnitude of the impact is concerned. Three major variables that define such sub-groups were considered in the present study: 1) the relative improvement in accessibility offered by the project; 2) the amenities of the neighborhood and 3) its economic status. We hypothesized that the level of these three variables jointly will determine the change in land values of sub land uses. Furthermore the relative importance of these variables is land use type specific. The empirical part of the study deals with the impact of the Ayalon Freeway, in the Metropolitan Area of Tel Aviv, on land values. The study embraced a period of over 25 years, from the project early inception. A considerable amount of data was collected in order to test the hypotheses regarding the differential impact of transportation project on land values by land use type.
Unfortunately full paper has not been submitted.