THE EFFECT OF ACCESS ON HIGHWAY RIGHT OF WAY COSTS AND THE DETERMINATION OF SPECIAL BENEFITS

ACQUISITION OF RIGHT OF WAY FOR A MAJOR HIGHWAY SYSTEM PRESENTS UNIQUE PROBLEMS IN PROPERTY EVALUATION. THIS REPORT ATTEMPTS TO DETERMINE THE RELATIONSHIP RELATING TO GENERAL AND SPECIAL BENEFITS ACCRUING TO REMAINING PROPERTIES DUE TO ACCESS AND TO RELATE THIS TO THE APPRAISAL PROCESS IN EVALUATING FUTURE RIGHT OF WAY. THE SPECIFIC OBJECTIVES WERE: (1) TO STUDY AND COMPARE SECTIONS OF THE HIGHWAY SYSTEM CONSTRUCTED WITH FRONTAGE ROADS TO SECTIONS CONSTRUCTED WITHOUT FRONTAGE ROADS IN ORDER TO DETERMINE THE RELATIVE COSTS OF RIGHT OF WAY FOR SECTIONS TRANSVERSING SIMILAR AREAS, (2) TO OBSERVE THE ZONE OF INFLUENCE OF SPECIAL BENEFITS AS OPPOSED TO GENERAL BENEFITS AS OPPOSED TO GENERAL BENEFITS ON REMAINING PROPERTY RESULTING FROM HIGHWAY CONSTRUCTION, (3) TO NOTE THE EFFECT OF INTERCHANGES AND RAMPS ON THE VALUE OF COMPARABLE PROPERTY ABUTTING THE HIGHWAY, AND (4) TO DEVELOP A CONSISTENT APPROACH FOR APPRAISING THE VALUE OF ACCESS OF REMAINDER PARCELS FROM RIGHT OF WAY ACQUISITION. BASED ON THE ANALYSIS, IT IS CONCLUDED THAT THE GRANTING OF ACCESS HAS THE EFFECT OF REDUCING THE AMOUNT PAID FOR DAMAGES CONNECTED WITH PROPERTY ACQUISITION FOR HIGHWAY RIGHT OF WAY PURPOSES. /AUTHOR/

  • Supplemental Notes:
    • Res Rept No 82-1F, 50 PP
  • Corporate Authors:

    Texas Transportation Institute

    Texas A&M University System, 1600 E Lamar Boulevard
    Arlington, TX  USA  76011
  • Authors:
    • Franklin, W D
    • Evans, L A
  • Publication Date: 1968-10

Subject/Index Terms

Filing Info

  • Accession Number: 00200868
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 22 1994 12:00AM