Publication Date

Fall 1995

Degree Type

Master's Project

Degree Name

Master of Urban Planning (MUP)

Department

Urban and Regional Planning

Abstract

This report examines the critical intersection of urban planning and real estate economics, focusing on how external environmental factors and changing market conditions impact residential property values. As planners increasingly navigate community resistance to Locally Unwanted Land Uses (LULUs) and engage in complex financial negotiations with developers, a foundational understanding of real estate principles has become essential. The study analyzes the effects of specific externalities—including traffic, floodplains, and high voltage transmission lines (HVTLs)—on property valuation through applied case studies and core appraisal concepts like market value and "Highest and Best Use." Furthermore, the paper addresses broader economic dynamics, evaluating feasibility analysis, the viability of public-private partnerships, and contemporary debates surrounding property rights and government regulation. Ultimately, this research equips urban planners with the vital real estate knowledge necessary to evaluate development proposals, balance competing community interests, and effectively negotiate in financially constrained environments.

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