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原文传递 Uncovering the Potential for Value Capture from Rail Transit Services

题名：	Uncovering the Potential for Value Capture from Rail Transit Services
其他题名：	Barboza,D.(2011)."Building boom in China stirs fears of debt overload."〈http://www.nytimes.com/2011/07/07/business/global/building-binge-by-chinas-cities-threatens-countrys-economic-boom.html?_r=2〉(Jul.10,2016).
正文语种：	英文
作者：	Ming Zhang
关键词：	Transit value capture;Residential property;Commercial property;Office property;Wuhan China
摘要：	Value capture offers a great potential to address the financial challenge threatening transit's role in achieving transportation sustainability. Understanding property market responses to transit services is critical to applying any value capture techniques. This paper presents a case study of Wuhan, China. The study estimated transit access premiums by modeling hedonic price or rent of residential, commercial, and office properties. The results show that transit access effects concentrate in the spatial range of 300 m from the station for commercial properties, but extend to 600 m for offices and 1,000 m for residential properties. Commercial properties enjoy the highest access premiums, followed by office and residential uses. A 0.5％ value capture rate would generate 108 million yuan from properties along metro rail Line 2. The study reveals the maturing behavior of property markets in Wuhan and demonstrates great opportunities for transit value capture that can relieve transit operational deficits. Lessons learned fromWuhan are transferable to other cities in China and informative to planning practice and policymaking for transit-oriented development (TOD) in the international setting.
出版年：	2017
论文唯一标识：	P-84Y2017V143N03007
英文栏目名称：	TECHNICAL PAPERS
doi：	10.1061/(ASCE)UP.1943-5444.0000383
期刊名称：	Journal of Urban Planning and Development
拼音刊名(出版物代码)：	P-84
卷：	143
期：	03
页码：	59-71