Description
This study estimates households’ willingness to pay for single-family houses and condominiums/townhouses located within 2 miles of Warm Springs (WS) BART Station in Fremont, CA. The study finds that, compared to the houses sold in the referent category (2 to 5 miles away and sold during the pre-project-announcement period of 2000-2001), an average-priced single-family house within two miles of the WS BART Station was higher in price by 9% to 15%. The total property value increment for the single-family houses is large enough to fund the $802 million Warm Springs BART Extension Project cost five times over.
Publication Date
5-2019
Publication Type
Report
Topic
Sustainable Transportation and Land Use, Transit and Passenger Rail, Transportation Finance
MTI Project
1714
Mineta Transportation Institute URL
https://transweb.sjsu.edu/research/1714-Value-Capture-Public-Transit-Warm-Springs-BART
Keywords
Value capture, Transportation economics, Finance, Public transit, Rapid transit
Disciplines
Transportation | Urban Studies | Urban Studies and Planning
Recommended Citation
Shishir Mathur. "Value Capture to Fund Public Transportation: The Impact of Warm Springs BART Station on the Value of Neighboring Residential Properties in Fremont, CA" Mineta Transportation Institute Publications (2019).
Datasets
1714-RB-Mathur-Value-Capture-Fund-Public-Transportation.pdf (2295 kB)
Research Brief
