HIGHWAY SEVERANCE STUDY NUMBER 7. INTERSTATE 64 & 264, RESIDENTIAL PROPERTIES - A STUDY OF PARTIAL RIGHT OF WAY TAKINGS. RELOCATION - A STUDY OF FAMILIES DISPLACED

IN THIS REPORT THE RESEARCHERS EXPLORE THE DESIRABILITY AS A PLACE OF RESIDENCE, THOSE DWELLINGS IN AN URBAN AREA WHICH ARE LOCATED IN CLOSE PROXIMITY TO AN INTERSTATE HIGHWAY. THE AREA SELECTED FOR STUDY IS LOCATED IN THE PORTLAND AREA OF LOUISVILLE, KENTUCKYS WEST END. A DETAILED COMPARISON OF DAMAGES IN THIS STUDY WAS CONFINED TO RESIDENTIAL PROPERTIES IN THE 9,000-9,500 PRICE RANGE BECAUSE ONLY IN THIS PRICE RANGE WERE THE RESEARCHERS ABLE TO ESTABLISH A CONTROL AREA FOR AFFECTED PROPERTIES. CONCLUSIONS WERE THAT THE MARKET HAS RECOGNIZED A REDUCTION IN VALUE TO THE TEST AREA PROPERTIES IN THE APPROXIMATE AMOUNT OF THE APPRAISED VALUE OF THE TAKING OF LAND AND SPECIAL LAND IMPROVEMENTS. THIS REDUCTION IN VALUE DOES NOT REFLECT DAMAGES TO THE REMAINDER , BUT, INSTEAD HAS TENDED TO RESULT FROM SEVERE REDUCTION OF REAR LOT SIZE AND LOSS OF OFF-STREET PARKING. THUS, PROXIMITY AND GRADE CHANGE HAVE NOT BEEN INDICATED BY THE MARKET AS DAMAGING FACTORS. IN THE FAMILY RELOCATION SEGMENT OF THE STUDY THE RESEARCHERS FOUND THAT OF 63 CASE STUDIES, 75 PERCENT OF THE FAMILIES PURCHASED REPLACEMENT HOUSES WITHIN THE NEIGHBORHOOD NEAR THEIR FORMER RESIDENCE, MOSTLY WITHIN A SIX-BLOCK RADIUS. FORTY-THREE FAMILIES MOVED INTO HOUSING OF A HIGHER DOLLAR VALUE THAN PRIOR HOUSING, WHILE 20 MOVED INTO HOUSING OF LOWER VALUE THAN BEFORE. OF THE 63 FAMILIES THAT WERE RELOCATED NEARLY 25 PERCENT COMPLAINED THAT THEY WERE NOT GIVEN SUFFICIENT TIME TO FIND SUITABLE HOUSING. /BPR/

  • Supplemental Notes:
    • Hpr-1/2/, 63-28
  • Corporate Authors:

    Kentucky Department Highways

    Division of Right-of-way
    ,   United States 
  • Publication Date: 1965-7

Subject/Index Terms

Filing Info

  • Accession Number: 00238317
  • Record Type: Publication
  • Source Agency: Bureau of Public Roads /US
  • Files: TRIS, STATEDOT
  • Created Date: Feb 1 1994 12:00AM