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- W853073411 abstract "Since the United States government deregulated railroads in 1980, a number of privately held freight railroads have sold domestic rights-of-way to public agencies for continued or planned use as dedicated passenger rail corridors- including commuter rail, transit, or high-speed rail. In some cases, these corridors continue(d) to operate for mixed-use freight and passenger transport after the sale. Transaction price may be explained by a variety of detailed factors, and can be grouped into categories such as the physical attributes of a corridor, a corridor’s context and surroundings, and the economic context of the transaction. Relevant transactions from the last 25 years are identified, summarized, and used to construct fully specified and generalized econometric models to account for the wide range of observed prices, which vary between $0.3 million and $6.4 million per mile. The model that best explains the variation in price represents price as a function of the number and type of route miles within a purchased corridor, and indicates that the price of a purchased route mile with track is $1.7 million, a purchased route mile without track is $1.1 million, and a route mile for which operating rights are purchased is $1.8 million. Factors such as corridor width, the degree of urban development around the corridor, and the financial health of the selling railroad are not significant in the model." @default.
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- W853073411 date "2006-01-01" @default.
- W853073411 modified "2023-09-26" @default.
- W853073411 title "Determinants of Price in Sales of Railroad Rights-of-Way to Public Transportation Agencies" @default.
- W853073411 hasPublicationYear "2006" @default.
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