When and How Much Did the Green Line LRT Increase Single-Family Housing Values in St. Paul, Minnesota?

Studies quantifying value added of transit often cannot differentiate whether the premiums are transit effects or location effects. Limited studies have examined the timing of value added. Using before and after data, this study explores the impact of the Green Line LRT on housing sales prices. Compared to the studied period before its funding announcement, its announcement increased housing values by $9.2/sq ft and its commencement increased sales prices by $13.7/sq ft. Further analyses show that housing value appreciation actually occurred after the announcement but before the commencement. Thus, using the right timing of value added is critical for value capture programs and benefit–cost analysis.

• Record URL:
  • https://doi.org/10.1177/0739456X17707811
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/0739456X
• Supplemental Notes:
  • © 2017 Xinyu (Jason) Cao and Shengnan Lou.
• Authors:
  • Cao, Xinyu (Jason)
  • Lou, Shengnan
• Publication Date: 2018-12

Language

• English

Media Info

• Media Type: Web
• Features: References;
• Pagination: pp 427-436
• Serial:
  • Journal of Planning Education and Research
  • Volume: 38
  • Issue Number: 4
  • Publisher: Sage Publications, Incorporated
  • ISSN: 0739-456X
  • EISSN: 1552-6577
  • Serial URL: http://jpe.sagepub.com/

Subject/Index Terms

• TRT Terms: Before and after studies; Benefit cost analysis; Housing; Light rail transit; Property values; Value capture
• Geographic Terms: Saint Paul (Minnesota)
• Subject Areas: Finance; Planning and Forecasting; Public Transportation;

Filing Info

• Accession Number: 01852739
• Record Type: Publication
• Files: TRIS
• Created Date: Jul 22 2022 5:07PM