This paper examines the effect of the Norfolk Tide light rail transit system, opened four years ago, on the residential real estate market in Hampton Roads, Virginia. Overall, the results show negative consequences from the constructed light rail line. Our results highlight the potential negative effects of light rail, when potential accessibility benefits do not outweigh apparent local costs.
This paper examines the effect of the Norfolk Tide light rail transit system, opened four years ago, on the residential real estate market in Hampton Roads, Virginia. Overall, the results show negative consequences from the constructed light rail line. Our results highlight the potential negative effects of light rail, when potential accessibility benefits do not outweigh apparent local costs.
A light rail system might reduce traffic and ease parking problems but our research shows light rail can decrease the value of properties nearer to stations.
This retrospective report evaluates the Cincinnati metropolitan statistical area's economic performance and the importance of manufacturing in the region from 1969 to the present.