Measuring urban commercial land value impacts of access management applications

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2003-01-01
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Luedtke, Jamie
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Civil, Construction, and Environmental Engineering
Abstract

The safety benefits of access management, the controlling of access points on roadways, have been proven and have been well documented in past research. However, there is limited research on the economic impacts of access management, and most existing research is qualitative. Further quantitative research is needed because commercial business owners believing that direct and complete access to their land is an integral part of sales do not always accept access management practices. However, using sales data as an economic indicator in analysis presents problems, for sales data cannot be gathered per land parcel. Commercial land values are useful in this regard. This research measures the urban commercial land value impacts of access management applications in Des Moines, Iowa through a regression model. The regression model is based on the hedonic property value model, a regression model measuring relationships between non-market variables and property values. The regression model used in this study measures relationships between commercial land values per square foot to parcel square footage, average annual daily traffic (AADT) counts, and scaled access control for each study parcel. The results of this study regression model found that both parcel square footage and AADT have negative relationships to commercial land values, while access control has virtually no influence on commercial land values. This finding could help demonstrate to business owners that access control should not negatively impact their land values, and be one step to further access management acceptance in the business community.

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Wed Jan 01 00:00:00 UTC 2003