EVALUATION OF RAILROAD AIR RIGHTS FOR HIGHWAY USE

EXAMPLES ARE GIVEN OF USES OF RAILROAD AIR RIGHTS BY HIGHWAY BRIDGES, TOLL ROAD CROSSINGS AND LONGITUDINAL OCCUPANCY. AIR-RIGHTS VALUES ARE SET BY THE FOLLOWING PROCEDURE: (1) SET A VALUE ON THE FEE BY NORMAL APPRAISAL METHODS, (2) IN CASES OF LARGE OR LONG CONTINUOUS AREAS, INCREASE THE FEE VALUE BY SOME PERCENTAGE AS AN ASSEMBLAGE OR CONTINUITY FACTOR, (3) MULTIPLY THIS ADJUSTED FIGURE BY THE PORTION OF THE FEE VALUE ASSIGNED TO THE AIR RIGHTS, AND (4) ADD TO THIS FIGURE THE CAPITALIZED INCREASE IN OPERATING COST, IF ANY, CAUSED BY THE EXISTENCE OF THE STRUCTURE OVER THE RAILROAD, SUCH AS LIGHTING, VENTILATION, RESTRICTION ON LOAD SIZE AND INCREASED DIFFICULTY IN CLEARING ANY DERAILMENTS WHICH MAY OCCUR.

  • Supplemental Notes:
    • Proceedings, VOL 68, NO 607, PP 556-561
  • Authors:
    • Skinner, R E
  • Publication Date: 1967-6

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00200829
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Oct 23 1994 12:00AM