Revista de Ingeniería
Print version ISSN 0121-4993
ESTUPINAN, Nicolás. Impacts of Mass Public Transport Investments on Land Use. rev.ing. [online]. 2011, n.33, pp. 34-43. ISSN 0121-4993.
This study analyzes the impact of mass transportation investments on land use and property values. It studies the actual possibility of using value capture mechanisms as a financial alternative to fund these projects. Evidence shows that mass transportation investments have impacts, mainly in the accessibility of the surrounding areas. These access benefits are not necessarily related to price increases of the value of the properties. Lastly, public policies such as disincentives to private car usage, urban environment, and taxing policies, have to be coupled with transit investments to assure their success in influencing land use and sustainable development.
Keywords : Accessibility; BRT; land use; subways; urban transport; value capture.