Tailoring empirical research on transit access premiums for planning applications

Tao Xu and Ming Zhang

Transport Policy, 2016, vol. 51, issue C, 49-60

Abstract: Existing studies on transit access premiums focus primarily on hypothesis testing and methodological sophistication. There is a disconnect between the study efforts and the practice of transit-oriented planning and policy making. This paper aims at building this connection through a case study of Wuhan, China. The study applies established conceptual frameworks and analytical procedures in the field to 1) examine the spatial extent of rail transit impacts on housing market; 2) estimate transit access premiums and their spatial distribution in the station area; and 3) simulate revenue streams to illustrate the potential of transit value capture. The empirical results show that in Wuhan the influence area extends to 700m for light rail transit (LRT Line 1), 900–1000m for metro rail (MRT Lines 2 and 4). The distance ranges differ from the conventionally accepted value of 400m and the value of 500–600m currently considered by Wuhan local planning agencies. This empirical knowledge enables transit planners to modify transit catchment areas for the interest of enhancing ridership forecasting and service planning.

Keywords: Housing price premium; Rail transit; Planning practice; Value capture; Wuhan China (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

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DOI: 10.1016/j.tranpol.2016.03.003

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