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Originally Posted by bcp
bobg - would love to see the studies you are referring to, or a citation, even they are old - that would be fascinating...there are so many factors that impact property value beyond train station (look at 5 pts - they have 4 bunched up stations but that has not been what has impacted property value)
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I couldn't find them on the Google but off the top of my head the most thorough one was done in Boston in 1913/14. That study was ordered by the MA legislature because property owners were upset.
One recent enough to be semi relevant is one done in Suburban Atlanta in 92? by a guy named Nelson who found discrepancies between how elevated lines effected property adjacent to elevated line in high income/high value areas and blighted areas. Obviously values went down in high income/value but they did go up in some blighted areas depending on some variables.
Then Ellis in 97? wrote an analysis for NYC MTA as they where trying to determine if an extension should be elevated or not. That MTA study referenced a lot of earlier studies and came to a similar conclusion that I had stated that over the long run it will not save the city money.
Like I said would love to see something more current and relevant. I wonder if Tyson's Corner or Honolulu did some sort of analysis like this or if they just went for what they could get funding for?
Not sure what your point is with 5 points but yes an at grade LRT in a blighted neighborhood will effect values adjacent to the ROW differently than anything elevated in an economically successful neighborhood. Theirs a lot of variables that goes into this and if this ever becomes a serious discussion I hope this becomes a consideration by RTD/Denver/DDP to look into further.