A Framework to Operationalize a Deep and Vast Literature for Practice

Translating Land Value Uplift Literature to Estimate Economic Impacts of Multimodal Transportation System Projects

Kristina M. Currans, Arthur Christian Nelson, Sam Chambers

Research output: Contribution to journalArticle

Abstract

Traditional methods for evaluating transportation system investments typically rely heavily on one or two metrics of evaluations, such as vehicle travel time delay and level-of-service measures. Transportation projects often have substantial and significant impacts on many other aspects of society, including the economic vitality of our communities. The focus of this study was a practical one: operationalize a vast literature exploring the theories and findings that describe positive and negative economic impacts of transportation investments, in this case focused on the impacts on real estate value. It was completed with sponsorship from Smart Growth America to develop a pilot application for Washington DOT. The framework described in this manuscript allows analysts to estimate and compare changes in real estate value, and therefore changes in economic vitality, resulting from different investment decisions. The economic impacts estimated in change in U.S. dollar value of single-family residential, multifamily residential, and commercial real estate can be used in combination with other performance measures (e.g., travel time savings, environmental impacts) to evaluate a more comprehensive picture of the impacts of transportation infrastructure. Because this framework was spatially developed, the analyst will be able to more readily identify which neighborhoods and corresponding populations may see the largest impacts on the cost of housing resulting from specific transportation projects. This, in combination with housing expertise and tools developed to understand the displacement of vulnerable populations, could also help agencies anticipate where there would be increased pressure in relation to cost of housing caused by specific transportation projects.

Original languageEnglish (US)
JournalTransportation Research Record
DOIs
StatePublished - Jan 1 2019

Fingerprint

Multimodal transportation
Economics
Travel time
Environmental impact
Costs
Time delay

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Mechanical Engineering

Cite this

@article{c016f0843edd49d489a9ca1751e7cd5b,
title = "A Framework to Operationalize a Deep and Vast Literature for Practice: Translating Land Value Uplift Literature to Estimate Economic Impacts of Multimodal Transportation System Projects",
abstract = "Traditional methods for evaluating transportation system investments typically rely heavily on one or two metrics of evaluations, such as vehicle travel time delay and level-of-service measures. Transportation projects often have substantial and significant impacts on many other aspects of society, including the economic vitality of our communities. The focus of this study was a practical one: operationalize a vast literature exploring the theories and findings that describe positive and negative economic impacts of transportation investments, in this case focused on the impacts on real estate value. It was completed with sponsorship from Smart Growth America to develop a pilot application for Washington DOT. The framework described in this manuscript allows analysts to estimate and compare changes in real estate value, and therefore changes in economic vitality, resulting from different investment decisions. The economic impacts estimated in change in U.S. dollar value of single-family residential, multifamily residential, and commercial real estate can be used in combination with other performance measures (e.g., travel time savings, environmental impacts) to evaluate a more comprehensive picture of the impacts of transportation infrastructure. Because this framework was spatially developed, the analyst will be able to more readily identify which neighborhoods and corresponding populations may see the largest impacts on the cost of housing resulting from specific transportation projects. This, in combination with housing expertise and tools developed to understand the displacement of vulnerable populations, could also help agencies anticipate where there would be increased pressure in relation to cost of housing caused by specific transportation projects.",
author = "Currans, {Kristina M.} and Nelson, {Arthur Christian} and Sam Chambers",
year = "2019",
month = "1",
day = "1",
doi = "10.1177/0361198119839979",
language = "English (US)",
journal = "Transportation Research Record",
issn = "0361-1981",
publisher = "US National Research Council",

}

TY - JOUR

T1 - A Framework to Operationalize a Deep and Vast Literature for Practice

T2 - Translating Land Value Uplift Literature to Estimate Economic Impacts of Multimodal Transportation System Projects

AU - Currans, Kristina M.

AU - Nelson, Arthur Christian

AU - Chambers, Sam

PY - 2019/1/1

Y1 - 2019/1/1

N2 - Traditional methods for evaluating transportation system investments typically rely heavily on one or two metrics of evaluations, such as vehicle travel time delay and level-of-service measures. Transportation projects often have substantial and significant impacts on many other aspects of society, including the economic vitality of our communities. The focus of this study was a practical one: operationalize a vast literature exploring the theories and findings that describe positive and negative economic impacts of transportation investments, in this case focused on the impacts on real estate value. It was completed with sponsorship from Smart Growth America to develop a pilot application for Washington DOT. The framework described in this manuscript allows analysts to estimate and compare changes in real estate value, and therefore changes in economic vitality, resulting from different investment decisions. The economic impacts estimated in change in U.S. dollar value of single-family residential, multifamily residential, and commercial real estate can be used in combination with other performance measures (e.g., travel time savings, environmental impacts) to evaluate a more comprehensive picture of the impacts of transportation infrastructure. Because this framework was spatially developed, the analyst will be able to more readily identify which neighborhoods and corresponding populations may see the largest impacts on the cost of housing resulting from specific transportation projects. This, in combination with housing expertise and tools developed to understand the displacement of vulnerable populations, could also help agencies anticipate where there would be increased pressure in relation to cost of housing caused by specific transportation projects.

AB - Traditional methods for evaluating transportation system investments typically rely heavily on one or two metrics of evaluations, such as vehicle travel time delay and level-of-service measures. Transportation projects often have substantial and significant impacts on many other aspects of society, including the economic vitality of our communities. The focus of this study was a practical one: operationalize a vast literature exploring the theories and findings that describe positive and negative economic impacts of transportation investments, in this case focused on the impacts on real estate value. It was completed with sponsorship from Smart Growth America to develop a pilot application for Washington DOT. The framework described in this manuscript allows analysts to estimate and compare changes in real estate value, and therefore changes in economic vitality, resulting from different investment decisions. The economic impacts estimated in change in U.S. dollar value of single-family residential, multifamily residential, and commercial real estate can be used in combination with other performance measures (e.g., travel time savings, environmental impacts) to evaluate a more comprehensive picture of the impacts of transportation infrastructure. Because this framework was spatially developed, the analyst will be able to more readily identify which neighborhoods and corresponding populations may see the largest impacts on the cost of housing resulting from specific transportation projects. This, in combination with housing expertise and tools developed to understand the displacement of vulnerable populations, could also help agencies anticipate where there would be increased pressure in relation to cost of housing caused by specific transportation projects.

UR - http://www.scopus.com/inward/record.url?scp=85064549747&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85064549747&partnerID=8YFLogxK

U2 - 10.1177/0361198119839979

DO - 10.1177/0361198119839979

M3 - Article

JO - Transportation Research Record

JF - Transportation Research Record

SN - 0361-1981

ER -