NYC-WTC_000187725

NYC 9/11 Public Portal Document

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RATLSP_Ai,i% 9.371033 - 0.080614(WDST) - 0.082027(ADW) (.1982) (.1490) - 0.092555(WDP) - 0.789820(POVERTY) (.0979) (.0001) + 0.091216(EMP) - 1.318767(MIDTM) (.2775) (.0001) - 0.342058(DNTM) - 0.253277(CRIME,'rape) (.0443) (.0088) ■fti r2 = .3116

i;’ As Figure 3.9 shows, for a range of rehabilitated car ratios, ’ii at 400 meters or one quarter mile from the station, the unit value of land will have declined by $52 per square foot with a high proportion of rehabilitated cars in service, compared to $23 per square foot with a low proportion, all other conditions unchanged. The land value equation for stations with more than half of all cars rehabilitated is based upon a small sample of parcels with very low statistical significance for most independent variables.

Passenger Volume at Stations Where transit access is provided by stations with a heavy volume of passengers on an annual basis, the land value benefit for parcels radiating outward from the station increases in direct relation to the passenger load. For stations with more than 3 million annual passengers, as measured in 1987, the land value gradient declines more precipitously than for any other transit operating variable except express, transfer or terminal service. For these stations, the declining land value gradient is expressed as:

RATLSP_Ai 3M = 4.256561 - 0.518521(WDST) - 0.042246(ADW) i’i (.0001) (.6238) - 0.100036(WDP) - 0.733083(POVERTY) (.2658) (.0023) + 0.487188(EMP) - 0.333377(MIDTM) i)' (.0001) (.0649) - 0.369624(DNTM) + 0.070307(CRIME.rape) (.0244) (.4281) ■K r2 = .3372

A’ LS fk I CITY_21MC100_006662315

NYC-WTC_000187815