THE IMPACT OF TRAFFIC ON RESIDENTIAL PROPERTY VALUES AND RETAIL SALES IN CHAMPAIGN-URBANA, ILLINOIS

MULTIPLE REGRESSION ANALYSIS WAS EMPLOYED TO MEASURE THE IMPACT OF TRAFFIC CONDITIONS ON RESIDENTIAL PROPERTY VALUES AND RETAIL SALES. THE TRAFFIC-RESIDENTIAL PROPERTY ANALYSIS WAS SUPPLEMENTED BY A HOUSEHOLD INTERVIEW STUDY OF ATTITUDES REGARDING TRAFFIC ENVIRONMENT AND CHANGES IN VALUE AND FREQUENCY OF SALES ASSOCIATED WITH CHANGES IN TRAFFIC CONDITIONS. A RELATIONSHIP BETWEEN TRAFFIC CONDITIONS AND RESIDENTIAL PROPERTY VALUES WAS NOT FOUND IN EITHER OF THE ABOVE ANALYSES. THIS IS EXPLAINED LARGELY AS A RESULT OF THE RELATIVELY HOMOGENEOUS TRAFFIC, SOCIAL AND ECONOMIC ENVIRONMENT OF THE STUDY AREA AND OF IMPRECISE MEASUREMENTS OF TRAFFIC AND LAND VALUES. AN ANALYSIS OF THE RELATIONSHIP BETWEEN RETAIL SALES AND TRAFFIC REVEALED THAT IMPROVEMENTS IN TRAFFIC CONDITIONS CAUSED AN EXPANSION OF RETAIL SALES, BUT GENERALLY AT THE EXPENSE OF SALES IN COMPETING LOCATIONS

  • Supplemental Notes:
    • Hpr-1/1/, PROJ IHR-71
  • Corporate Authors:

    University of Illinois, Urbana-Champaign

    Urbana, IL  United States  61801

    Illinois Department of Transportation

    Division of Highways, 2300 South Dirksen Parkway
    Springfield, IL  United States  62764
  • Authors:
    • Kinney, P T
  • Publication Date: 1965-2

Subject/Index Terms

Filing Info

  • Accession Number: 00239742
  • Record Type: Publication
  • Source Agency: Bureau of Public Roads /US
  • Files: TRIS
  • Created Date: May 1 1994 12:00AM