Business And Property Value Impacts Of Raised Medians In Medium-Sized Communities

The authors of this paper have been researching the economic impacts of raised medians on adjacent businesses and properties for over three years. This research has been performed by the Texas Transportation Institute (TTI) through a contract with the Texas Department of Transportation (TxDOT). Case studies for the project are located in various small and medium sized cities throughout Texas. The research stems from a desire of TxDOT staff to have timely information regarding the economic impacts of raised medians available as the staff responds to comments and questions at public meetings and hearings. During this project the research team developed and tested methodologies to determine if there are any economic impacts on businesses or properties that are attributable to the installation of raised medians on adjacent streets. The methodology includes collecting data from business owners and managers through in-person and mail-out surveys, comparing the results, and analyzing the data using various stratifiers. Additional data are also collected from property appraisal districts. All of the data specific to the subject corridor are compared to control data for the immediate city. The results of this research will be useful to staff of local, regional and state transportation agencies as they plan for projects that include raised medians and prepare to have discussions with business and property owners regarding potential economic impacts. While these results cannot predict what will happen on any given corridor, they do allow for comparisons to be made between this research and project corridors.

Language

  • English

Media Info

  • Media Type: CD-ROM
  • Pagination: 13p
  • Monograph Title: Seventh National Conference on Transportation Planning for Small and Medium-Sized Communities, September 28-30, 2000, Little Rock, Arkansas

Subject/Index Terms

Filing Info

  • Accession Number: 01042396
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: Feb 28 2007 1:41PM