PROPERTY VALUES AS AFFECTED BY HIGHWAY LANDSCAPE DEVELOPMENTS

DATA WAS COLLECTED ON PROPERTY VALUES AFFECTED BY THE THREE CHICAGO EXPRESSWAYS BY THE FOLLOWING PROCEDURE' /1/ TRACE THE CHANGES IN VALUES OF PROPERTY ADJOINING EXPRESSWAYS AND AREAS WITHIN A HALF MILE RANGE, TO NOTE THE EFFECTS OF LIVING ALONG A MODERN HIGHWAY AS COMPARED TO A CONVENIENT LOCATION A SHORT DISTANCE AWAY, /2/ INVESTIGATE THE RESALE OF EXCESS PROPERTY BY THE COOK COUNTY HIGHWAY DEPARTMENT FOR CHANGES IN VALUES, AND /3/ CONDUCT A HOUSE-TO -HOUSE SURVEY OF THE ACTUAL EXPERIENCES, REACTIONS AND OPINIONS OF PEOPLE LIVING IN THE VICINITY OF THESE ROADS. ACCORDING TO THE CHARTS, LAND VALUES REMAINED STATIC DURING THE WAR YEARS, DOUBLED SHORTLY AFTER THE WAR, AND THEN INCREASED AT A FANTASTIC RATE AFTER THE ADVENT OF THE EXPRESSWAYS SYSTEM. VALUE OF PROPERTY HAS RISEN AND REMAINED STABLE IN AREAS ADJACENT TO THE EXPRESSWAYS JUST AS IT HAS IN AREAS TWO AND THREE BLOCKS AWAY. THIS IMPLYS THAT LANDSCAPING PROBABLY AFFECTED ADJACENT PROPERTIES SO AS TO IMPART A VALUE EQUAL TO LOTS SEVERAL BLOCKS AWAY, USUALLY CONSIDERED MORE DESIRABLE. THE SAME PATTERN OF LAND VALUE INCREASES WAS FOUND ASSOCIATED WITH THE RESALE OF EXCESS PROPERTY ALONG THE EXPRESSWAY. THE HOUSE-TO-HOUSE SURVEY SHOWED APPRECIATION OF THE BEAUTY OF THE HIGHWAY LANDSCAPING . THE LANDSCAPE DESIGNS WERE INTENDED TO BENEFIT THE DRIVING PUBLIC BUT THE BY-PRODUCT HAS BEEN THE ENHANCEMENT OF THE AREAS ADJACENT TO THE HIGHWAYS.

Media Info

  • Media Type: Print
  • Pagination: pp 4-7
  • Monograph Title: Roadside development 1963
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00201114
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: Mar 24 1994 12:00AM