THE USE OF CHANGES IN PROPERTY VALUES IN THE EVALUATION OF HIGHWAY SCHEMES

Many worthwhile highway schemes, such as bypasses, often fail conventional economic criteria. With many similar schemes competing for limited resources the author believes it has become necessary to introduce methods for evaluating environmental benefits. Three methods are discussed based on changes in property values brought about by environmental effects. The author concludes that just as compensation for lost amenity or reduced property values is an accepted cost to a scheme, then the reverse situation should be included as an accepted economic benefit. In conclusion it is suggested that further study be undertaken in conjunction with the development of some environmentally sympathetic schemes to evaluate more fully the hypothesis presented in the paper. (Author/TRRL)

  • Availability:
  • Corporate Authors:

    INSTITUTION OF HIGHWAYS & TRANSPORTATION

    6 ENDSLEIGH STREET
    LONDON,   United Kingdom  WC1H 0DZ
  • Authors:
    • RASBASH, D L
  • Publication Date: 1983-9

Media Info

  • Features: Figures; References; Tables;
  • Pagination: p. 22-25
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00384530
  • Record Type: Publication
  • Source Agency: Transport Research Laboratory
  • Files: ITRD, TRIS
  • Created Date: May 30 1984 12:00AM