As car commuting demand changes, highways and parking lots give way to development

Urban highways and plentiful surface parking lots, once considered essential, have outlived their promise in many large U.S. cities. Observers see growing interest in dense urban living, with some mobile segments of the population opting out of car-dependent suburbs. Bold cities have been redeveloping the areas opened up by highway removal, and developers are poised to profit from the development of surface parking lots within revitalizing urban cores.

Impacts of light rail on property values vary by distance and income level

A new study on the economic impacts of New Jersey’s River Line light rail system has shed some light on the complex relationship between transportation infrastructure and the housing market. The study highlights the more localized economic effects of the light rail system. The results provide an interesting opportunity for transit managers and planners to consider the varied effects new transportation infrastructure may have on different types of surrounding property.