Rapid transit, transit-oriented development, and the contextual sensitivity of land value uplift in Toronto

Higgins, Christopher D.; Kanaroglou, Pavlos

doi:10.1177/0042098017712680

Cited by 52 publications

(29 citation statements)

References 35 publications

(47 reference statements)

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“…An extensive body of literature has confirmed that TOD-based development plays an important and positive role in urban land markets [19]. The change features within different distances have been discussed [5,6]. Petheram et al [20] reported that, in the Salt Lake City metropolitan area, the minimum market-driven catchment area of a light rail station can extend to 1.25 miles, which is clearly far beyond normal walking distance.…”

Section: Research Related To Catchment Areasmentioning

confidence: 99%

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Correlation between Transit-Oriented Development (TOD), Land Use Catchment Areas, and Local Environmental Transformation

et al. 2018

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Transit-oriented development (TOD) has been recognised as a sustainable planning approach and that is typically designed for a whole city. Individual land use characteristics and the causations have often been ignored. Therefore, the primary objective of this study was to explore the factors that influence the land use catchment area (LCA) characteristics at a station neighborhood level. First, it contributes a methodology to measure the LCA by introducing a new concept. The density gradient was introduced to generate the scale and compactness degree of each station. Second, it provides a theoretical framework for understanding the causes of different LCAs. The partial least squares (PLS) regression model was employed to explore the accessibility effects. By analysing density gradient curves, it reveals that stations grew to fit the negative exponential function. Regarding the scale and form degree of LCAs, the impact of accessibility before and after a station construction have been corroborated. Moreover, the effects of facilities function before construction, distance from main roads, and elevated stations have been emphasized. The results provide support for a more sophisticated concept of catchment area relating to land use at the level of an individual TOD station, while shedding light on the benefits of those engaged in the future design of TOD with due consideration of the local physical environments.

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Section: Research Related To Catchment Areasmentioning

confidence: 99%

“…In previous studies, TOD catchment areas (CA) have been discussed mainly by walking distance [1,2], ridership prediction [3,4], and in relation to land value [5,6]. Because of the different understandings and interpretations of the TOD concept, a one-size-fits-all approach is counterproductive [7].…”

Section: Introductionmentioning

confidence: 99%

Correlation between Transit-Oriented Development (TOD), Land Use Catchment Areas, and Local Environmental Transformation

et al. 2018

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“…Du and Mulley [29,30] observed various effects (a mix of positive, none, and negative) of transport accessibility on land value from place to place in the United Kingdom. Other studies have shown that the increase of property values does not benefit much from the proximity to public transportation but rather the property's characteristics and its neighborhood features [31][32][33].…”

Section: Introductionmentioning

confidence: 97%

The Impact of Compact and Mixed Development on Land Value: A Case Study of Richmond, Virginia

Suen

2018

Urban Science

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Sustainable development entails various development patterns commonly associated with compact and mixed development that usually leads to reduced driving, more public transportation utilization, lower energy consumption, better walkability, and improved public health. To examine if the benefits of compact and mixed development are reflected in land value, this study sets forth to measure development compactness and land use mix and assesses the impacts of such patterns on land value. Impacts of accessibility to jobs, retail stores, and public transportation on land value are also investigated and compared to the impacts from development patterns. The study finds that: (1) accessibility has greater impacts than development pattern on land value; (2) compact development and mixed land use influence land value differently depending on the nature of existing land uses and land values; (3) accessibility to jobs and retail stores always contributes to the increase of land value; and (4) accessibility to public transportation helps but it does not influence land value in a consistent fashion. The results suggest that areas with higher residential property values, good proximity to the city center, less industrial land uses, and good access to jobs and retail stores have greater potential to realize an increase of land value resulted from compact and mixed development in Richmond, Virginia.

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“…Based on the conclusions of the study, the total increase near the transit area was divided into two categories. The first is the effect of a specific TOD station, which increases by 20%, while the second is due to the proximity effect of the property to the transit station with a greater increasing value assuming it is adjacent to the transit station 5) . This study shows that the increases in land differ by the location characteristics, such as inner, outer, and suburban neighborhoods.…”

Section: Introductionmentioning

confidence: 99%

Land Value Capture: Defining Crucial Variables Difference-in-Differences Model for Residential Properties Surrounding MRT Jakarta Stage I

Berawi¹,

Darmawan²,

Gunawan³

et al. 2020

Evergreen

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Positive effect on property value can be gained from the development of public transportation system. This study is aimed to identify the variables that affect the residential property price around the first phase of the Jakarta MRT station project construction. The variables were based on the data of Land & Building Tax Imposition Base (NJOP). From the statistical analysis (multi collinearity, paired T, ANOVA, and normality test), it is found that variables significantly affecting the residential property price are unit area, shared building, shared land, land area, building area, density, distance to MRT/CBD/hospital/favorite high school, and public park.

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Rapid transit, transit-oriented development, and the contextual sensitivity of land value uplift in Toronto

Cited by 52 publications

References 35 publications

Correlation between Transit-Oriented Development (TOD), Land Use Catchment Areas, and Local Environmental Transformation

Correlation between Transit-Oriented Development (TOD), Land Use Catchment Areas, and Local Environmental Transformation

The Impact of Compact and Mixed Development on Land Value: A Case Study of Richmond, Virginia

Land Value Capture: Defining Crucial Variables Difference-in-Differences Model for Residential Properties Surrounding MRT Jakarta Stage I

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