The idea that proximity to transit equals higher land values doesn't tell the full story. According to this study, a variety of other factors must be in place to achieve the desired effect.

Boosters of transit-oriented development often operate by the assumption that land values will rise, inevitably, next to transit. Laura Bliss writes, "Cities can 'capture' this 'land value uplift' to pay for transportation infrastructure projects (for example, by creating a special tax on certain developments that are projected to benefit most from the expanded transit access)."
The results of a recent study throw some doubt on that simple equation. While transit does stimulate land values in some locations, in others it has little effect. "[...] the results of some [heavy rail transit] studies are insignificant, negligible, or even negative, and there are sometimes stark differences between studies in the same city."
Two factors complicate the picture. First, badly-sited new transit may not provide real benefits on the ground. "If a neighborhood is already well served by convenient access to a highway system, or by cycling and pedestrian options, a wonderful new transit line might not result in more 'accessibility.'"
Second, looking at proximity by itself ignores how well—or how poorly—other factors are complementing the transit. "For example, mixed-use zoning, open and public spaces, amenity-rich neighborhoods, and pedestrian-oriented street design all carry positive effects on land value. When models overlook these factors, they paint an incomplete picture of projected land values in an area—and even worse, the authors write, researchers can mistakenly claim them as empirical evidence of the benefits of accessibility."
FULL STORY: Does Transit Always Increase Land Value?

Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.

Driving Equity and Clean Air: California Invests in Greener School Transportation
California has awarded $500 million to fund 1,000 zero-emission school buses and chargers for educational agencies as part of its effort to reduce pollution, improve student health, and accelerate the transition to clean transportation.

Congress Moves to End Reconnecting Communities and Related Grants
The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.

From Throughway to Public Space: Taking Back the American Street
How the Covid-19 pandemic taught us new ways to reclaim city streets from cars.
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