Proximity to Buffalo's Light Rail Line Impacts Property Values
Homes in Buffalo located within a half-mile radius of Metro Rail stations are valued between $1,300 and $3,000 more than similar properties not within walking distance of the stations, according to a University at Buffalo study.
The study, “Impact of Proximity to Light Rail Rapid Transit on Station-area Property Values in Buffalo, New York,” was conducted by Daniel Hess, assistant professor of urban and regional planning in the UB School of Architecture and Planning.
Hess and a former student, Tangerine Almeida, began working on the study in 2003-04, when they could not find information from similar studies conducted in another Rust Belt city.
|<< PREVIOUS||NEXT >>|
blog comments powered by Disqus