THE EFFECT OF THE LOUISVIILE WATTERSON EXPRESSWAY ON LAND USE AND LAND VALUES

A STUDY WAS DESIGNED TO MEASURE THE EFFECT OF A LIMITED ACCESS BYPASS ON LAND VALUE AND LAND USE AND TO DETERMINE WHY THESE CHANGES TOOK PLACE. FOUR MAJOR TECHNIQUES WERE USED: (1) THE SURVEY-CONTROL AREA COMPARISON ENCOMPASSING A 'BEFORE AND AFTER' ANALYSIS, (2) A CASE STUDY OF CERTAIN INDUSTRIES WHICH APPEARED TO HAVE SUSTAINED SIGNIFICANT ECONOMIC IMPACT ATTRIBUTED TO HIGHWAY, (3) MULTIPLE REGRESSION ANALYSIS, AND (4) THE PROJECTED LAND USE-VALUE RELATIONSHIP WHICH WAS FOUND BY ESTIMATING THE USE AND VALUE OF THE LAND. DATA ANALYZED INCLUDED: (1) GENERAL LAND USE AND VALUE STATISTICS, AND (2) DETAILED CASE STUDIES OF CERTAIN INDUSTRIES IN THE AREA. THE FACILITY HAD A DEPRECIATING EFFECT ON ADJACENT PROPERTIES BUT POSITIVE EFFECTS OF THE EXPRESSWAY WERE EXERTED ON PROPERTIES MORE REMOTELY LOCATED. /VHRC/

  • Corporate Authors:

    University of Kentucky, Lexington

    College of Business and Economics
    Lexington, KY  USA  40506
  • Publication Date: 1960

Subject/Index Terms

Filing Info

  • Accession Number: 00201444
  • Record Type: Publication
  • Source Agency: Virginia Highway Research Council
  • Report/Paper Numbers: 53 pp
  • Files: TRIS
  • Created Date: Apr 16 1970 12:00AM