Rapid transit, transit-oriented development, and the contextual sensitivity of land value uplift in Toronto.
Rapid transit projects that increase accessibility should result in a localised land value uplift (LVU) benefit for locations near stations. A rich history of research has tested this hypothesis, generally operationalising transit accessibility by proxy through distance from a transit station. Howev...
| Publicado en: | Urban Studies (Sage Publications, Ltd.) Vol. 55; no. 10; pp. 2197 - 2226 |
|---|---|
| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Sage Publications, Ltd.
Aug2018
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=130749427&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 130749427 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00420980 54XY jtl: Urban Studies (Sage Publications, Ltd.) issn: 00420980 maglogo: Y pubinfo: dt: Aug2018 vid: 55 iid: 10 pid: 2171 pub: Sage Publications, Ltd. artinfo: ui: 130749427 10.1177/0042098017712680 ppf: 2197 ppct: 29 formats: tig: atl: Rapid transit, transit-oriented development, and the contextual sensitivity of land value uplift in Toronto. aug: au: Higgins, Christopher Kanaroglou, Pavlos affil: McMaster University, Canada Formerly of McMaster University, Canada su: Canada Transportation Public transit Valuation of real property Transit-oriented development Real estate development sug: subj: Transportation Canada Urban transit systems Mixed Mode Transit Systems Bus and Other Motor Vehicle Transit Systems Other Urban Transit Systems Other Heavy and Civil Engineering Construction All Other Support Activities for Transportation Other support activities for transportation Public transit Valuation of real property Transit-oriented development Real estate development keyword: accessibility hedonic model land value uplift public transport transit-oriented development 公交导向型开发 公共交通 土地升值 特征模型 通达性 accessibility hedonic model land value uplift public transport transit-oriented development 公交导向型开发 公共交通 土地升值 特征模型 通达性 ab: Rapid transit projects that increase accessibility should result in a localised land value uplift (LVU) benefit for locations near stations. A rich history of research has tested this hypothesis, generally operationalising transit accessibility by proxy through distance from a transit station. However, a growing body of research has also demonstrated LVU effects from transit-oriented development (TOD) as individuals sort themselves into locations that best match their preferences and willingness to pay. Considering the interdependence of transportation and land use in the urban system, we argue that these benefits create a spatial bundle of TOD goods around transit stations and hypothesise that households are willing to pay a premium for locations in more transit-oriented station catchment areas. Utilising latent class analysis, we quantify station area TOD submarkets. Next, interactions between these submarkets and station proximity in spatial hedonic regressions reveal that TOD is capitalised into land values in Toronto, though the maximum amount and spatial impact area of this capitalisation differs by TOD context. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|