BENEFIT ESTIMATES FOR RECREATIONAL RE-USE OF ABANDONED RAILROAD RIGHTS-OF-WAY
The abandonment of a significant lengths of railroad right- of-way often provides land which can be re-used for a variety of activities or purposes. Recreational re-use, particularly in the form of bicycle trails, is especially attractive as one alternative re-use of railroad abandonments. Some form of cost-benefit analysis is often suggested as a means of choosing between conflicting alternative uses of a specific resource. The application of the standard cost-benefit techniques to recreation is extremely difficult due primarily to a number of measurement problems. In the case of a specific recreation activity such as bicycle trail use the measurement problems are compounded as a result of a lack of empirical information. This report reviews the problems associated with attempts to determine values for non-priced goods and services in general and recreation in particular. A procedure for estimating minimum benefit values which accrue from the recreational re-use (bicycle trails) of railroad abandonments is presented. Finally, through a test application of the procedure a number of methological refinements are suggested and discussed.
University of Iowa, Iowa CityInstitute of Urban and Regional Research
Iowa City, IA USA 52242
- Joyal, A N
- Publication Date: 1975-3
- Features: Appendices; Figures; Tables;
- Pagination: 27 p.
- TRT Terms: Abandonment; Benefit cost analysis; Land use; Recreation; Right of way (Land)
- Subject Areas: Economics; Railroads;
- Accession Number: 00153378
- Record Type: Publication
- Source Agency: University of Iowa, Iowa City
- Report/Paper Numbers: No. 40 Tech. Rpt.
- Files: TRIS
- Created Date: Jun 17 1977 12:00AM