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Thinking Outside the (Half-Mile) Circle: Using the Real Estate Market to Establish Variations in Light Rail Station Catchment Areas

项目名称：	Thinking Outside the (Half-Mile) Circle: Using the Real Estate Market to Establish Variations in Light Rail Station Catchment Areas
摘要：	This research empirically evaluates the extent of catchment zones for transit-oriented development (TOD) around light rail station areas using hedonic and spatial modeling techniques. Using a longitudinal approach, an assessment is conducted of how the real estate market capitalizes transit station proximity for retail and office land uses, as well as single-family and multi-family dwellings in Salt Lake County, Utah. The use of hierarchical linear modeling (HLM) allows for an understanding of how this value capitalization varies not only by land use type, but also by station location and typology. The results of this work may reframe the planning of TODs, often constrained to within a half-mile circle around transit stations. An understanding of if and how the value of transit access extends beyond this half-mile circle into surrounding areas will be gained. Implications will be offered for how transit station and land-use planning can be improved to take better advantage of market opportunities.
状态：	Completed
资金：	7500.00
资助组织：	Research and Innovative Technology Administration<==>University of Utah, Salt Lake City
项目负责人：	Hagedorn, Hau
执行机构：	University of Utah, Salt Lake City
开始时间：	20120101
实际结束时间：	20140630
主题领域：	Economics；Planning and Forecasting；Public Transportation