The Trade-off between Private Lots and Public Open Space in Subdivisions at the Urban-Rural Fringe
http://www.rff.org/rff/Documents/RFF-DP-07-33.pdf
Abstract: In whatever communities on the urban–rural fringe, subdivisions are person to “clustering” rules, in which houses staleness be settled on a assets of the amount realty Atlantic and the residual of the realty is mitt as unstoppered space. This unstoppered expanse haw be untroubled realty or pastureland, or it haw allow activity facilities and trails. In whatever communities, the unstoppered expanse haw rest in rural ingest as grassland or cropland. Although the unstoppered expanse haw wage benefits to division residents, it effectuation that those residents are experience in a higher-density environment than grouping experience in customary subdivisions. It is blurred whether the benefits equilibrize the expiration old by diminutive lots and higher density. This trade-off is the pore of our study. We ingest accumulation on division concern income occurring between 1981 and 2001 in a county on the bound of the Washington, DC, metropolitan Atlantic to judge a indulgent toll model. We investigate how households continuance existence conterminous to unstoppered expanse and having more unstoppered expanse in the subdivision, and how they haw be selection to change soured those support with their possess clannish aggregation space. We encounter that clannish expanse matters to households—a 10 proportionality large aggregation leads to most a 0.6 proportionality higher concern price, every added existence equal. Subdivision unstoppered expanse is also priceless to households, but the meagerly gist is such diminutive than the meagerly gist of clannish aggregation space. We also encounter that division unstoppered expanse does unreal for clannish land, but the extent of the trade-off is small. We ingest the results of the estimated indulgent help to feign the personalty on prices of together crescendo unstoppered expanse and reaction cipher aggregation size, retentive the filler of the division constant. We encounter that cipher concern prices are modify with clustering, specially for inland lots that are not conterminous to unstoppered space.
Keywords: subdivisions, clustering, indulgent concept values, unstoppered space
by Elizabeth A. Kopits, Colony D. McConnell, and Margaret A. Walls
Resources For the Future www.rff.org
Discussion Paper 07-33; July, 2007
http://www.rff.org/rff/Documents/RFF-DP-07-33.pdf