TY - JOUR
T1 - Measuring the Effects of Public Land Use Change: An Analysis of Greenways in Raleigh, North Carolina
AU - Parton, Lee C.
N1 - Publisher Copyright:
© 2023 Elsevier Ltd
PY - 2023/8
Y1 - 2023/8
N2 - From 2010–2015 Wake County, NC, and the City of Raleigh, have experienced prolific growth of outdoor amenities, primarily financed through the passage of parks and open space bond referenda. Wake County currently has over 100 miles of off-street, paved greenway trails connecting schools, parks museums and commercial areas, 65 miles of which have been added from 2010 to 2015. As a result of the expansion of the Capital Area Greenway System, several neighborhoods in Wake County now have access to new recreation and transportation opportunities. This research estimates the effects of expanding greenway infrastructure and evaluates heterogeneous demand for greenway infrastructure across households. Using a hedonic framework, I estimate the capitalization effect of greenway expansion, I find heterogeneity in capitalized values ranging from − 4–12% dependent on spatial location and highlight potential drivers of heterogeneous values.
AB - From 2010–2015 Wake County, NC, and the City of Raleigh, have experienced prolific growth of outdoor amenities, primarily financed through the passage of parks and open space bond referenda. Wake County currently has over 100 miles of off-street, paved greenway trails connecting schools, parks museums and commercial areas, 65 miles of which have been added from 2010 to 2015. As a result of the expansion of the Capital Area Greenway System, several neighborhoods in Wake County now have access to new recreation and transportation opportunities. This research estimates the effects of expanding greenway infrastructure and evaluates heterogeneous demand for greenway infrastructure across households. Using a hedonic framework, I estimate the capitalization effect of greenway expansion, I find heterogeneity in capitalized values ranging from − 4–12% dependent on spatial location and highlight potential drivers of heterogeneous values.
KW - Greenways
KW - Hedonic Analysis
KW - Nonmarket Valuation
KW - Urban Amenities
UR - http://www.scopus.com/inward/record.url?scp=85153089529&partnerID=8YFLogxK
UR - https://scholarworks.boisestate.edu/cgiss_facpubs/83
U2 - 10.1016/j.landusepol.2023.106689
DO - 10.1016/j.landusepol.2023.106689
M3 - Article
SN - 0264-8377
VL - 131
JO - Land Use Policy
JF - Land Use Policy
M1 - 106689
ER -
