國立虎尾科技大學 |

Brownfield Sites and Their Negative Impact on Residential Property Values : = A Spatial Hedonic Regression Approach.

紀錄類型:	書目-語言資料,手稿 : Monograph/item
正題名/作者:	Brownfield Sites and Their Negative Impact on Residential Property Values :/
其他題名:	A Spatial Hedonic Regression Approach.
作者:	Mihaescu, Oana-Pusa.
面頁冊數:	1 online resource (192 pages)
附註:	Source: Dissertations Abstracts International, Volume: 72-07, Section: A.
Contained By:	Dissertations Abstracts International72-07A.
標題:	Redevelopment. -
電子資源:	click for full text (PQDT)
ISBN:	9781124419916

Brownfield Sites and Their Negative Impact on Residential Property Values : = A Spatial Hedonic Regression Approach.
Mihaescu, Oana-Pusa.

Brownfield Sites and Their Negative Impact on Residential Property Values :A Spatial Hedonic Regression Approach. - 1 online resource (192 pages)

Source: Dissertations Abstracts International, Volume: 72-07, Section: A.

Thesis (Ph.D.)--University of Cincinnati, 2010.

Includes bibliographical references

The main objective of this research is to estimate the impact of brownfields on the surrounding property values by using a Maximum Likelihood-based hedonic price model that takes into account the phenomenon of spatial dependence among real estate property values and thus yields coefficient estimates that are unbiased and consistent. The study aims to also contribute additional relevant information to the urban and regional planning literature by determining the magnitude of the total impact traditional hedonic variables, and in particular brownfield sites, have on the value of single-family residential properties. The total impact represents the cumulated effect determined by each explanatory variable and by the spatial dependence phenomenon. The results of the Maximum Likelihood estimation procedure indicate that the negative externalities on property values determined by the presence of brownfield sites in their neighborhood are limited to the first 1,000 feet around brownfields. Based on these findings, the loss in property value for each of the properties included in the analyzed sample and the corresponding tax revenue loss for the city are calculated. Although the magnitude of the loss in property values alone may not justify the need for public support for brownfield redevelopment, it opens a new array of directions for future research, such as, to name just a couple, the need to compare the potential monetary gains from brownfield redevelopment with the actual costs of redevelopment or the need to look beyond single-family residential properties in calculating the total impact of brownfields on the surrounding property values.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9781124419916Subjects--Topical Terms:

1477791
Redevelopment.
Subjects--Index Terms:

BrownfieldIndex Terms--Genre/Form:

554714
Electronic books.

Brownfield Sites and Their Negative Impact on Residential Property Values : = A Spatial Hedonic Regression Approach.
LDR:03291ntm a22004577 4500 001 1151099
005 20241104055712.5
006 m o d
007 cr bn ---uuuuu
008 250605s2010 xx obm 000 0 eng d
020 $a 9781124419916
035 $a (MiAaPQ)AAI3434735
035 $a (MiAaPQ)grad.uc:10435
035 $a AAI3434735
040 $a MiAaPQ $b eng $c MiAaPQ $d NTU
100 1 $a Mihaescu, Oana-Pusa. $3 1477784
245 1 0 $a Brownfield Sites and Their Negative Impact on Residential Property Values : $b A Spatial Hedonic Regression Approach.
264 0 $c 2010
300 $a 1 online resource (192 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertations Abstracts International, Volume: 72-07, Section: A.
500 $a Publisher info.: Dissertation/Thesis.
500 $a Advisor: Hofe, Rainer vom.
502 $a Thesis (Ph.D.)--University of Cincinnati, 2010.
504 $a Includes bibliographical references
520 $a The main objective of this research is to estimate the impact of brownfields on the surrounding property values by using a Maximum Likelihood-based hedonic price model that takes into account the phenomenon of spatial dependence among real estate property values and thus yields coefficient estimates that are unbiased and consistent. The study aims to also contribute additional relevant information to the urban and regional planning literature by determining the magnitude of the total impact traditional hedonic variables, and in particular brownfield sites, have on the value of single-family residential properties. The total impact represents the cumulated effect determined by each explanatory variable and by the spatial dependence phenomenon. The results of the Maximum Likelihood estimation procedure indicate that the negative externalities on property values determined by the presence of brownfield sites in their neighborhood are limited to the first 1,000 feet around brownfields. Based on these findings, the loss in property value for each of the properties included in the analyzed sample and the corresponding tax revenue loss for the city are calculated. Although the magnitude of the loss in property values alone may not justify the need for public support for brownfield redevelopment, it opens a new array of directions for future research, such as, to name just a couple, the need to compare the potential monetary gains from brownfield redevelopment with the actual costs of redevelopment or the need to look beyond single-family residential properties in calculating the total impact of brownfields on the surrounding property values.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2024
538 $a Mode of access: World Wide Web
650 4 $a Redevelopment. $3 1477791
650 4 $a Area planning & development. $3 1179610
650 4 $a Dependent variables. $3 1467926
650 4 $a Cities. $3 1413482
650 4 $a Neighborhoods. $3 888883
650 4 $a Legislation. $3 803490
650 4 $a Geographic information systems. $3 554796
650 4 $a Housing. $3 682509
650 4 $a Variables. $3 1372488
650 4 $a Maps. $3 889832
650 4 $a Renovation & restoration. $3 1477790
650 4 $a Discounts. $3 1477789
650 4 $a Liability. $3 1468809
650 4 $a Estimates. $3 1372494
650 4 $a Environmental cleanup. $3 1477788
650 4 $a Research. $3 558735
650 4 $a Residential buildings. $3 1477787
650 4 $a Brownfields. $3 1477786
650 4 $a Impact analysis. $3 1477223
650 4 $a Studies. $3 1437762
650 4 $a Urban planning. $3 1180826
653 $a Brownfield
653 $a Brownfield sites
653 $a Maximum likelihood
653 $a Negative externalities
653 $a Property tax
653 $a Property tax revenues
653 $a Residential property values
653 $a Spatial hedonic regression
655 7 $a Electronic books. $2 local $3 554714
690 $a 0438
690 $a 0999
690 $a 0341
710 2 $a University of Cincinnati. $b Regional Development Planning. $3 1477785
710 2 $a ProQuest Information and Learning Co. $3 1178819
773 0 $t Dissertations Abstracts International $g 72-07A.
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3434735 $z click for full text (PQDT)