DALLAS EXPRESSWAY ECONOMIC IMPACT STUDIES

AN ECONOMIC IMPACT STUDY WAS CONDUCTED ON THE CENTRAL EXPRESSWAY IN DALLAS, TEXAS. IT HAD BEEN COMPLETED FOR A SUFFICIENT LENGTH OF TIME TO ALLOW MEANINGFUL BEFORE-HAND MEASUREMENTS. PRELIMINARY FINDINGS ARE PRESENTED ON: (1) INTRODUCTORY INFORMATION ON CENTRAL EXPRESSWAY IN DALLAS, (2) A REVIEW OF THE DETERMINATION OF STUDY AREAS AND OTHER METHODS OF CONSIDERATION, (3) PRELIMINARY TABULATIONS OF TAX DATA FOR PROPERTIES ABUTTING THE EXPRESSWAY, AND NON- AFFECTED PROPERTIES, (4) SALES DATA FOR UNIMPROVED LAND ALONG CENTRAL, (5) A SUMMARY OF FINDINGS OF A SURVEY OF BUSINESS ESTABLISHMENTS AND RESIDENCES ALONG CENTRAL, AND (6) TENTATIVE CONCLUSIONS. PRELIMINARY FINDINGS FOR ABUTTING PROPERTIES SHOW THAT: (1) THE CITY TAX VALUATION OF ABUTTING PROPERTIES INCREASED ALMOST FIVE-FOLD FROM 1947 WHEN THE FACILITY WAS BEGUN TO 1955, (2) PRICES PAID FOR UNIMPROVED ABUTTING PROPERTIES INCREASED ABOUT 1600 PERCENT FROM 1947 TO 1955, (3) ABOUT TWO-THIRDS OF THE 174 BUSINESSES FROM WHICH INFORMATION WAS OBTAINED MOVED TO THE EXPRESSWAY FROM OTHER PARTS OF DALLAS, (4) THE BUSINESSES ALONG THE FACILITY HAD ALMOST 2,600 EMPLOYEES MOST OF WHOM TRAVELED TO WORK BY AUTOMOBILE, AND (5) RESIDENTIAL PROPERTY OWNERS AS A WHOLE BELIEVED THAT THE FACILITY HAD INCREASED THE VALUE OF THEIR PROPERTY, DESPITE THE FACT THAT USES OTHER THAN RESIDENTIAL ARE PRECLUDED BY ZONING FOR MANY RESIDENCES.

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  • Accession Number: 00201579
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: May 5 1994 12:00AM