A study of past and prospective business development around rail
transit stations in the Washington DC area. Washington has one of
the very few new and extensive rail transit systems in America,
although expectations of transit system-induced revitalization in
this area have not uniformly been met. This book develops an
econometric model of local development (LOCDEV) around major public
investments, applies it to the existing Washington transit system,
and uses it to forecast future development levels around new
stations. The book includes a user's guide to the LOCDEV model and
concludes with reflections on modelling and forecasting.
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