Value Capture to Fund Public Transportation: The Impact of Warm Springs BART Station on the Value of Neighboring Residential Properties in Fremont, CA

This study estimates households’ willingness to pay for single-family houses and condominiums/townhouses located within 2 miles of Warm Springs (WS) BART Station in Fremont, CA. The study finds that, compared to the houses sold in the referent category (2 to 5 miles away and sold during the pre-project-announcement period of 2000-2001), an average-priced single-family house within two miles of the WS BART Station was higher in price by 9% to 15%. The total property value increment for the single-family houses is large enough to fund the $802 million Warm Springs BART Extension Project cost five times over.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Edition: Final Report
  • Features: Bibliography; Figures; Tables;
  • Pagination: 57p

Subject/Index Terms

Filing Info

  • Accession Number: 01712476
  • Record Type: Publication
  • Report/Paper Numbers: 19-11, CA-MTI-1714
  • Contract Numbers: 69A3551747127
  • Files: BTRIS, UTC, NTL, TRIS, ATRI, USDOT
  • Created Date: Jun 11 2019 2:49PM