Principles of City Land Values

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Two new streets have since been laid out over the water, and continuous docks built.
n'.ay sometimes slightly enhance the value of the business prop- erty facing it by concentrating travel on that side of the street, and in the largest cities furnishes a desirable outlook for high office buildings. The most detrimental effect of such a public building in a small park is felt in the early stages of a city, where the park checks the extension of the business centre. A public building surrounded b
...y a park, if located in a residence section, tends to attract good residences, the outlook for the park more than off-setting what travel comes to the public building.
To summarize the effect of public buildings, if located at or near the old business centre, they tend to maintain central strength in their first location, as in Boston, New York, Phila- delphia and Chicago. This is the normal case. The first excep- tions would be where public buildings are located at a moderate 08 PRINCIPLES OF CITY LAND VALUES.


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