By Lloyd Dixon
The Western Riverside County a number of Species Habitat Conservation Plan mitigates improvement results on 146 plant and animal species by way of developing a 500,000-acre conservation reserve. This monograph examines land-acquisition thoughts and prices, profit adequacy and power new investment assets, the plan's habitat-conservation objectives, and no matter if the plan has streamlined transportation and improvement allowing strategies.
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Additional info for Balancing Environment and Development Amid Rapid Urban Growth: Costs, Revenues, and Benefits of the Western ...
In practice, however, many land owners and speculators are aware of the areas that RCA is working to conserve, so this may aﬀect the price that a parcel commands. Built Improvement Features. We included only a few characteristics in our landvalue models related to built improvements on a parcel. There were two main reasons for this. First, the vast majority of land to be purchased by RCA is open space and thus has no improvements. Second, the property data provided by the county assessor’s 16 Balancing Environment and Development oﬃce included just a few such variables for residential land uses and none for commercial or industrial properties.
Faster placement of major roads and freeways in western Riverside County will presumably improve mobility in the county. Appendix E quantiﬁes some of the MSHCP’s mobility beneﬁts. It uses a detailed computer model to examine the eﬀects of the faster completion of four major transportation corridors in western Riverside County on average travel speeds and travel times and then translates these impacts into dollar values. The permitting process under the MSHCP will change at least to some extent once the reserve has been established and the objectives concerning the species covered by the plan have been met.
In other words, it appears that RCA’s acquisition eﬀorts to date have focused, for the most part, on relatively cheap parcels on a cost-per-acre basis and that the majority of more-expensive parcels have yet to be acquired. CHAPTER THREE Value of Land Required for the MSHCP Reserve In this chapter, we develop estimates for the market value (as of mid-2007) of the land that will be needed for the entire reserve. In the context of this chapter, the term reserve (or reserve assembly) refers to the additional 153,000 acres that RCA must assemble (including parcels that RCA has already acquired and parcels yet to be assembled— either through direct purchases or through developer transfers as part of the real estate–approval process), which, in turn, will complement the existing 350,000 acres of public land in western Riverside County to provide an overall conservation area of approximately 500,000 acres.
Balancing Environment and Development Amid Rapid Urban Growth: Costs, Revenues, and Benefits of the Western ... by Lloyd Dixon