The paper "Value Creation Potential of SE LRT Kingsford Station " is a perfect example of a macro & microeconomics case study. For the past two decades, there has been a significant increase in the development of new light rail in cities around the world. In Sydney, there are so many light rail systems that serve different regions of the city. Development of transit corridors such as light rail systems is often government initiatives to spur the growth of different regions and to make them livable too. Areas served and of the potential of new light rail, development is appraised based on factors such as land use, population, transit safety and income levels. SE LRT Kingsford Station precinct consists of areas within and around the Kingsford Station.
The area is approximately 180 hectares of land that covers the suburbs of the Eastern suburbs of Sydney and is located approximately seven kilometers on the southeastern side of the central business district of Sydney. Previously, the Kingsford Station area was a residential land use precinct and is to be transformed into a mixed land use precinct.
The transformation was to come from several government projects of which a new light rail was among them. The SE LRT Kingsford Station new light rail was mooted to spur growth and improve accessibility around the Kingsford region. This development would affect the potential of land markets within the Kingsford Station precinct in different ways. The value creation potential of land markets is in form of land use, change in zoning and monetization value of the land. This paper will analyze and estimate the value creation potential of the new light rail system at the SE LRT Kingsford Station (Yedla, 2015). Figure 1: SE LRT Kingsford Station precinct land area Analysis of the SE LRT Kingsford Station precinct land markets for redevelopment potential The SE LRT Kingsford Station precinct land will experience the lowest monetized level in terms of accessibility.
This will make the areas around Kingsford station have a higher level of monetization from accessibility because their levels of accessibility will have increased more than that of the Kingsford Station precinct land whose level of accessibility will have the same or slightly higher accessibility (Szylvian, 2015).
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