Land Value Impacts of Bus Rapid Transit: The Case of Bogota’s TransMilenio

TransMilenio is a bus rapid transit (BRT) system in Bogota, Colombia. A number of studies have examined the impacts of TransMilenio on the property values of residences and commercial establishments with access to the BRT system. The findings of these studies vary with distance to BRT stops and whether the access is to a feeder line or trunk line. This current study utilized before and after data to investigate whether property values changed as the TransMilenio BRT expanded. Again, findings are mixed. Though property values increased in those areas that were already served by Transmilenio, prices did not increase in those areas that originally did not have a BRT station, but are now served by the BRT expansion.

• Corporate Authors:

  Lincoln Institute of Land Policy

  113 Brattle Street
  Cambridge, MA  United States  02138
• Authors:
  • Rodriguez, Daniel A
  • Mojica, Carlos H
• Publication Date: 2008-4

Language

• English

Media Info

• Media Type: Print
• Features: Figures; Photos; References;
• Pagination: 7p
• Serial:
  • Land Lines
  • Publisher: Lincoln Institute of Land Policy

Subject/Index Terms

• TRT Terms: Bus rapid transit; Economic impacts; Land use; Property values; Transit oriented development
• Identifier Terms: TransMilenio
• Geographic Terms: Bogota (Colombia)
• Subject Areas: Economics; Planning and Forecasting; Public Transportation;

Filing Info

• Accession Number: 01090783
• Record Type: Publication
• Files: TRIS
• Created Date: Mar 28 2008 8:16AM