Land Values in New York in Relation to Transit Facilities

Land Values in New York in Relation to Transit Facilities

Land Values in New York in Relation to Transit Facilities

Land Values in New York in Relation to Transit Facilities

Excerpt

Since the beginning of the Twentieth Century, there has been a growing tendency to direct attention to the field of urban land economics. One of the pioneers in this work was Professor Richard T. Ely, who founded the Institute for Research in Land Economics and Public Utilities. Under his direction, important additions have been made to the literature on this subject.

Within recent years, the various monographs which have been published by the Regional Plan of New York and Its Environs have contributed materially to the available stock of information on the problems of city land values and city planning. These writings served to create in the mind of the present author, a lively interest in the changes which have occurred in land values in New York City. Suggestions offered by Professor Robert Murray Haig of Columbia University concerning the desirability of studying these land value changes, especially in relation to transit facilities, led the writer to make researches on this subject, the results of which are set forth in this present work.

The writer wishes to express deep appreciation for suggestions and criticisms made by all those who have had an interest in the preparation of this study. He is especially indebted to Professor Edwin R. A. Seligman of Columbia University who has rendered invaluable aid in recommending sources of information, in reading the manuscript and in making criticisms and suggestions for improvement. Grateful acknowledgment is also made to Professor Robert Murray Haig, whose excellent ideas have been responsible . . .

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