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作者

来源

LANDSCAPE AND URBAN PLANNING,Vol.182,P.67-78

语言

英文

关键字

Active transportation; Bike facilities; Connectivity; Hedonic; Capitalization; RESIDENTIAL PROPERTY-VALUES; URBAN GREEN SPACE; VALUATION; BENEFITS; PARK

作者单位

[Connolly, Cristina] Calif Polytech State Univ San Luis Obispo, San Luis Obispo, CA 93407 USA. [Livy, Mitchell R.] Calif State Univ Fullerton, Fullerton, CA 92634 USA. [Qiu, Yun] Jinan Univ, Guangzhou, Guangdong, Peoples R China. [Klaiber, H. Allen] Ohio State Univ, Columbus, OH 43210 USA. Connolly, C (reprint author), Calif Polytech State Univ San Luis Obispo, San Luis Obispo, CA 93407 USA.

摘要

This paper investigates the capitalized value of interconnected active transportation infrastructure in Franklin County, Ohio. We expand on the existing literature on preferences for local amenities by examining the impact of connections between local amenities and active transportation infrastructure on the sales price of single family homes. Hedonic results indicate that proximity to bike facilities results in positive capitalization, with on-road facilities driving this result. Extending the analysis to examine interconnectivity, we find that bike facility capitalization is heterogeneous depending on the types of local amenities and infrastructure links. For example, on road facility connections with bus stop locations decrease nearby home values, while on-road facilities linked to local open space increase the value of proximate homes. Together, these results provide evidence that connectivity is an important input to active transportation planning.