A CORRIDOR LAND USE STUDY: THE IMPACT OF AN INTERSTATE HIGHWAY ON LAND VALUES, PRIVATE INVESTMENT AND LAND USE IN SOUTHWESTERN WYOMING

PRIVATE INVESTMENT INDUCED BY CONSTRUCTION OF INTERSTATE 80 APPEARED FOR THE FIRST TIME IN ANY SIGNIFICANT AMOUNT IN 1965. IT THEN ROSE SHARPLY, BUT DECLINED ALMOST AS RAPIDLY AS IT HAD RISEN, SO THAT BY THE END OF 1969, I-80 INDUCED PRIVATE INVESTMENT WAS PRACTICALLY ZERO AGAIN. THE FACILITIES CONSTRUCTED DURING THE PERIOD CREATED SUFFICIENT CAPACITY TO ABSORB EXPECTED GROWTH IN DEMAND IN THE IMMEDIATE FUTURE. THUS, THE LEVEL OF INVESTMENT ALONG THE INTERSTATE IS EXPECTED TO REMAIN AT A RELATIVELY LOW LEVEL THROUGHOUT THE NEXT DECADE. I-80 HAS HAD NO DETECTABLE INFLUENCE ON RESIDENTIAL LAND VALUES OR RESIDENTIAL LAND USE IN THE CORRIDOR. IT IS PROBABLE THAT A RESIDENTIAL SECTION MAY DEVELOP IN ROCK SPRINGS AS AN INDIRECT RESULT OF I-80. A TRADING CENTER IS BEGINNING TO DEVELOP AROUND A NUCLEUS OF NEW TRAVELER-ORIENTED BUSINESSES, AND IT SEEMS LIKELY THAT A RESIDENTIAL DISTRICT WILL DEVELOP ON THE OUTSKIRTS OF THIS CENTER. OTHER THAN THIS, IT DOES NOT APPEAR THAT I-80 WILL INFLUENCE RESIDENTIAL DEVELOPMENT IN THE AREA DURING THE NEXT TWO DECADES. THE IMPACT OF I-80 ON RURAL LAND USE AND RURAL LAND VALUES ALONG I-80 OTHER THAN IN VILLAGES AND TOWNS HAS ALSO BEEN NEGLIGIBLE. FURTHERMORE, THERE IS REASON TO BELIEVE THAT IT WILL BE NEGLIGIBLE FOR THE NEXT TWO DECADES. I-80 HAS HAD, AND WILL CONTINUE TO HAVE, A DEFINITE IMPACT ON NON-RESIDENTIAL URBAN LAND USE AND VALUES, ESPECIALLY ON LAND NEAR I-80 EXITS. THE PRICE OF SUCH LAND HAS RISEN SHARPLY--FROM TWO TO THREE TIMES-- SINCE THE LATE 1950'S. THE EXISTENCE OF I-80 HAS TENDED TO EQUALIZE THE LAND VALUES AND THE INTENSITIES OF LAND USE WITHIN THE CITIES. THE AGGREGATE VALUE OF LAND IN THE CITIES IS GREATER THAN IT WOULD HAVE BEEN IN THE ABSENCE OF THE INTERSTATE. SOME OF THIS ADDED VALUE IS A TRANSFER FROM THE RURAL AREAS OF THE CORRIDOR; SOME IS A TRANSFER FROM OTHER, NONCORRIDOR AREAS. /AUTHOR/

  • Supplemental Notes:
    • 183 Pp, FigS, TABS, 2 APP
  • Corporate Authors:

    University of Wyoming, Laramie

    Division of Business and Economic Research
    Laramie, WY  USA  82071
  • Authors:
    • Long, G A
    • Long, G D
    • Hooker, R W
  • Publication Date: 1970-10

Subject/Index Terms

Filing Info

  • Accession Number: 00202015
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Dec 20 1977 12:00AM