“A West Side Story: Differential Impacts
of the Hiawatha Light Rail Line on Property Values”
featuring Edward G. Goetz
September 16, 2009 • 11:30 am – 1:00 pm
What is the impact of the Hiawatha light rail line on nearby residential property values–and how can this information be used to anticipate property value changes along other light-rail lines?
A study sponsored jointly by the University of Minnesota and Hennepin County considered whether proximity to the new light rail stations is associated with a price premium for homes selling within a one-half mile radius since the line was completed in 2004. The study also examined whether proximity to the line (separate of distance to stations) is associated with a decline in values (a so-called “nuisance effect”), and whether the size and direction of these price effects differ depending on whether properties are located east of the line or on the west side.
Our speaker will be Edward G. Goetz, a professor of urban and regional planning at the Humphrey Institute and director of the Center for Urban and Regional Affairs at the University of Minnesota. Professor Goetz’ research focuses on issues of affordable housing within regional and community contexts.
His most recent book, “Clearing the Way: Deconcentrating the Poor in Urban America,” won the Paul Davidoff Award from the Association of Collegiate Schools of Planning in 2005.