Assessing the socio-economic impacts of green/blue space, urban residential and road infrastructure projects in the Confluence (Lyon): a hedonic pricing simulation approach

Urban green/blue spaces are put under pressure as urban areas grow, develop and evolve. It is increasingly recognized, however, that green/blue spaces provide important ecosystem services, stimulate higher real estate prices and prevent flooding problems. This paper aims to assess and compare the socio-economic impacts of potential green/blue space, urban residential and road infrastructure development scenarios in the Lyon Confluence project area (France), using the Sustainable Urbanizing Landscape Development (SULD) hedonic pricing simulation model. Results show four major tendencies regarding the value-added of green/blue spaces in urban landscapes: (1) cities become more compact; (2) population densities increase; (3) real estate values rise; and (4) demographic distribution patterns change. The magnitude of these impacts depends, however, on the quality and size of the intervention, the social classes attracted to the intervention area and on the location of the intervention relative to existing residential areas, urban centres, road infrastructure and environmental amenities.

[1]  Heather Fry,et al.  A user’s guide , 2003 .

[2]  Monica Wachowicz,et al.  A design and application of a multi-agent system for simulation of multi-actor spatial planning. , 2004, Journal of environmental management.

[3]  L. Tyrväinen,et al.  Property Prices and Urban Forest Amenities , 2000 .

[4]  Yaolin Liu,et al.  Geographic Field Model based hedonic valuation of urban open spaces in Wuhan, China , 2010 .

[5]  G. Stacy Sirmans,et al.  The Composition of Hedonic Pricing Models , 2009 .

[6]  E. Irwin,et al.  Amenity Values versus Land Constraints: The Spatial Effects of Natural Landscape Features on Housing Values , 2014, Land Economics.

[7]  R. Bark,et al.  How Do Homebuyers Value Different Types of Green Space , 2011 .

[8]  A. Chiesura.  The role of urban parks for the sustainable city. , 2004 .

[9]  M. Janssen,et al.  Multi-Agent Systems for the Simulation of Land-Use and Land-Cover Change: A Review , 2003 .

[10]  J. Wolch,et al.  Urban green space, public health, and environmental justice: The challenge of making cities ‘just green enough’ , 2014 .

[11]  Dawn C. Parker,et al.  Measuring pattern outcomes in an agent-based model of edge-effect externalities using spatial metrics , 2004 .

[12]  SUBSTANCE VERSUS STYLE : WHAT IS THE ROLE OF NEW URBAN DEVELOPMENT IN THE RESTRUCTURING OF METROPOLITAN RETAIL ? , 2012 .

[13]  Roland K. Roberts,et al.  Spatial analysis of the amenity value of green open space , 2008 .

[14]  Junjie Wu,et al.  Environmental amenities, urban sprawl, and community characteristics , 2006 .

[15]  Guy Garrod,et al.  The environmental economic impact of woodland: a two-stage hedonic price model of the amenity value of forestry in britain , 1992 .

[16]  Arthur O’Sullivan.  Urban Economics , 2019, An Introduction to Geographical and Urban Economics.

[17]  Wei Li,et al.  Estimating the value of urban green areas: A hedonic pricing analysis of the single family housing market in Los Angeles, CA , 2012 .

[18]  Toke Emil Panduro,et al.  Classification and valuation of urban green spaces—A hedonic house price valuation , 2013 .

[19]  Christopher F. Parmeter,et al.  Which hedonic models can we trust to recover the marginal willingness to pay for environmental amenities , 2010 .

[20]  N. Nakagoshi,et al.  Using GIS and landscape metrics in the hedonic price modeling of the amenity value of urban green space: A case study in Jinan City, China , 2007 .

[21]  P. Roebeling,et al.  Water resources and land use planning systems in Portugal—Exploring better synergies through Ria de Aveiro , 2014 .

[22]  Fang Wang,et al.  A Cellular Automata Model to Simulate Land-use Changes at Fine Spatial Resolution , 2012 .

[23]  Felix Schläpfer,et al.  Landscape amenities and local development: a review of migration, regional economic and hedonic pricing studies , 2010 .

[24]  E. Irwin,et al.  Theory, data, methods: developing spatially explicit economic models of land use change , 2001 .

[25]  Yves Zenou,et al.  Why is central Paris rich and downtown Detroit poor?: An amenity-based theory , 1999 .

[26]  J. Peerlings,et al.  Spatial planning procedures and property prices: The role of expectations , 2011 .

[27]  R. O'Neill,et al.  The value of the world's ecosystem services and natural capital , 1997, Nature.

[28]  Noelwah R. Netusil,et al.  THE EFFECT OF OPEN SPACES ON A HOME'S SALE PRICE , 2001 .

[29]  Junjie Wu.  Environmental Amenities and the Spatial Pattern of Urban Sprawl , 2001 .

[30]  John L. Crompton,et al.  The impact of parks on property values: empirical evidence from the past two decades in the United States , 2005 .

[31]  W. Baker.  A review of models of landscape change , 1989, Landscape Ecology.

[32]  Stephen Gibbons,et al.  The Amenity Value of English Nature: A Hedonic Price Approach , 2014 .

[33]  E. Irwin,et al.  Land use externalities, open space preservation, and urban sprawl , 2004 .

[34]  Ram Pandit,et al.  The effect of street trees on property value in Perth, Western Australia , 2013 .

[36]  R. White,et al.  High-resolution integrated modelling of the spatial dynamics of urban and regional systems , 2000 .

[37]  Itzhak Benenson,et al.  Let's talk objects: generic methodology for urban high-resolution simulation , 2005, Comput. Environ. Urban Syst..

[38]  Steen Rasmussen,et al.  Urban growth simulation from "first principles". , 2002, Physical review. E, Statistical, nonlinear, and soft matter physics.

[39]  William Rand,et al.  Agent-based and analytical modeling to evaluate the effectiveness of greenbelts , 2004, Environ. Model. Softw..

[40]  D. Dendrinos.  Land development and amenities: A predator-prey interaction , 2000 .

[41]  V. Henderson.  The Urbanization Process and Economic Growth: The So-What Question , 2003 .

[42]  A. Smajgl,et al.  Analysing Urban Systems using Agent-Based Modelling , 2005 .

[43]  David E. Mills.  Growth, speculation and sprawl in a monocentric city☆ , 1981 .

[44]  Alicia N. Rambaldi,et al.  Housing Shadow Prices in an Inundation-prone Suburb , 2013 .

[45]  Michael Brady,et al.  Accounting for Spatial Effects in Economic Models of Land Use: Recent Developments and Challenges Ahead , 2011 .

[46]  E. Irwin,et al.  Interacting agents, spatial externalities and the evolution of residential land use patterns , 2002 .

[47]  Piet Rietveld,et al.  Modelling biodiversity and land use : urban growth, agriculture and nature in a wetland area , 2004 .

[48]  S. Malpezzi,et al.  Hedonic Pricing Models: A Selective and Applied Review , 2008 .

[49]  G. Xie,et al.  The economic benefits of rainwater-runoff reduction by urban green spaces: a case study in Beijing, China. , 2012, Journal of environmental management.

[50]  William A. Reiners,et al.  Environmental amenities and agricultural land values: a hedonic model using geographic information systems data , 2002 .

[51]  Suzana Dragicevic,et al.  Modeling-in-the-middle: bridging the gap between agent-based modeling and multi-objective decision-making for land use change , 2011, Int. J. Geogr. Inf. Sci..

[52]  Andrew J. Plantinga,et al.  The influence of public open space on urban spatial structure , 2003 .

[53]  Alexandra D. Syphard,et al.  Using a cellular automaton model to forecast the effects of urban growth on habitat pattern in southern California , 2005 .

[54]  D. Hilbert,et al.  Welfare Gains From Urbanizing Landscapes InGreat Barrier Reef Catchments? A SpatialEnvironmental-economic Modelling Approach , 2007 .

[55]  Daniel Schunk,et al.  Spatial Dynamic Modeling and Urban Land Use Transformation , 2003 .

[56]  Daniel T. Kaffine,et al.  The efficiency and distributional impacts of alternative anti-sprawl policies , 2006 .

[57]  Robert I. McDonald,et al.  Shades of Green: Measuring the Value of Urban Forests in the Housing Market , 2005 .

[58]  K. Kuriyama,et al.  Measuring the Benefits of Neighbourhood Park Amenities: Application and Comparison of Spatial Hedonic Approaches , 2010 .

[59]  B. Hasler,et al.  Making Benefit Transfers Work: Deriving and Testing Principles for Value Transfers for Similar and Dissimilar Sites Using a Case Study of the Non-Market Benefits of Water Quality Improvements Across Europe , 2011 .

[60]  P. Amrusch,et al.  Nonmarket Valuation Of Inner-cityEcological Values , 2009 .

[61]  R. Reich,et al.  Accounting for Heterogeneity of Public Lands in Hedonic Property Models , 2012, Land Economics.

[62]  J. Melichar,et al.  Revealing preferences of Prague's homebuyers toward greenery amenities: The empirical evidence of distance–size effect , 2013 .