VALUATION OF AIR SPACE

THE USE OF AIR SPACE ABOVE AND BELOW THE HIGHWAY BY PRIVATE AND PUBLIC INTERESTS CAN CONTRIBUTE TO REDUCTION IN RIGHT-OF-WAY ACQUISITION COSTS. THE APPROACH SUGGESTED BY THE AUTHORS FOR DETERMINING THE VALUE OF AIR RIGHTS FOR A PARTICULAR PROJECT INVOLVES A THOROUGH INVESTMENT ANALYSIS, USING THE INCOME CAPITALIZATION TECHNIQUE. THE PROCESS INVOLVES ELEMENTS OF THE COST, MARKET, AND INCOME METHODS OF APPRAISAL, WITH THE DESIRED AFTER-TAX RATE OF RETURN AS THE CRITICAL PARAMETER FOR THE DEVELOPER.

  • Authors:
    • Williams, L E
    • McNichol, D J
  • Publication Date: 1973-4

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Filing Info

  • Accession Number: 00238975
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jun 12 1973 12:00AM