Norfolk Light Rail Transit Project, Hampton Roads Transit PDF Download
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 882
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 882
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 678
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Author: Hampton Roads Transit
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Category : Street-railroads
Languages : en
Pages :
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Author: Hampton Roads Transit
Publisher:
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Category : Local transit
Languages : en
Pages : 17
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Book Description
Author: Tidewater Transportation District Commission
Publisher:
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Category : Street-railroads
Languages : en
Pages :
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 370
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Author:
Publisher: DIANE Publishing
ISBN: 1428972056
Category :
Languages : en
Pages : 38
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Author: United States. Federal Transit Administration
Publisher:
ISBN:
Category : Federal aid to transportation
Languages : en
Pages : 1076
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Author:
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ISBN:
Category : Delegated legislation
Languages : en
Pages : 316
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Author: Gary A. Wagner
Publisher:
ISBN:
Category :
Languages : en
Pages : 29
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Book Description
In this paper we examine the effect of light rail transit on the residential real estate market in Hampton Roads, Virginia. The Norfolk Tide light rail began operations in August 2011 and has experienced disappointing levels of ridership over its first four years of operations. We estimate the effect of the Tide using a difference-in-differences model and consider several outcome variables for the residential housing market, including sales price, sales-list price spread and the time-on-market. Our identification strategy exploits a proposed rail line in neighboring Virginia Beach, Virginia, that was rejected by a referendum in 1999. Overall, the results show negative consequences from the constructed light rail line. Properties within 1,500 meters experienced a decline in sales price of nearly 8 percent, while the sale-list price spread declined by approximately 2 percent. Our results highlight the potential negative effects of light rail, when potential accessibility benefits do not outweigh apparent local costs.
