WASHINGTON HIGHWAY ECONOMIC IMPACT STUDIES

THE IMPROVEMENT OF ROADS AND STREETS EXERTS AN INFLUENCE ON THE VALUE OF REAL PROPERTY WHICH MERITS CONSIDERATION IN ANY INQUIRY INTO THE PROPER DISTRIBUTION OF RESPONSIBILITY FOR ROAD AND STREET COSTS. DURING THE PAST THREE YEARS THE WASHINGTON STATE COUNCIL FOR HIGHWAY RESEARCH HAS BEEN INVESTIGATING HIGHWAY COST ALLOCATION FOR THE LEGISLATURE'S JOINT FACT-FINDING COMMITTEE ON HIGHWAYS, STREETS AND BRIDGES. A SUBSTANTIAL PART OF THIS EFFORT HAS BEEN DIRECTED TOWARD ASCERTAINING THE HIGHWAY INFLUENCE ON LAND VALUES. THE PROJECT INCLUDED TWO SEPARATE STUDIES OF LAND VALUES, DIFFERING FROM EACH OTHER NOT ONLY WITH RESPECT TO THE TYPE OF ROAD UNDER STUDY, BUT ALSO IN THE METHODOLOGY EMPLOYED. RURAL ROAD BENEFITS WERE ESTIMATED FOR FARMLAND AND NON-FARM RESIDENTIAL SITES USING BOTH ROAD UTILIZATION DATA OBTAINED FROM INTERVIEWS AND VALUE DATA OBTAINED FROM SALES RECORDS, IN A SEPARATE STUDY, THE INFLUENCE OF FREEWAY ACCESS UPON SUBURBAN PROPERTY VALUES WAS MEASURED IN TIME, SPACE AND PROPERTY CHARACTERISTIC IN CONTROL AREAS AND IN THE SURVEY AREAS, BEFORE AND AFTER THE IMPROVEMENT OF SURVEY AREA ACCESS. /AUTHOR

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  • Accession Number: 00201580
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: May 5 1994 12:00AM