![]() Researchers Lee Cockerill and Denise Stanley, of California State University-Fullerton, concluded “ …rail transit has enhanced residential property values some 2 percent to 18 percent in Portland, Sacramento, San Diego, and Santa Clara, with larger changes in cities with commuter rail systems.” So how much financial value can an aesthetically pleasing rail station with connections to other modes of public transportation add to a residential property?Ī 2002 review entitled “How Will the Centerline Affect Property Values in Orange County: A Review of the Literature and Methodological Approaches for Future Consideration,” took a look at 41 studies of 15 rail systems across the country. In addition, some rail stations may have parking for commuters with vehicles (park-and-ride lots), vehicle loading zones and short-term waiting areas (kiss-and-rides), bus transit center and taxi, private shuttle and tour bus loading zones. So what does this mean for home prices in close proximity to the rail stations? Accessibility and Convenience - Potential Investment Opportunity?Ī HART fact sheet ( ) on station design, states that the entrance of each community rail station will be based on residents’ input from station design workshops to reflect each community’s character and history. Stations will also be built in the communities of Waipahu, Pearl City, Aiea, Kalihi, Chinatown, Downtown Honolulu and Kakaako. The route stretches from Kapolei to Ala Moana Shopping Center with stops at UH-West Oahu, Leeward Community College, Pearl Highlands, Pearlridge, Aloha Stadium, Honolulu International Airport and Honolulu Community College. ![]() There are pending lawsuits to stop the project, but at this point, all systems are go - so the question is: If rail transit becomes a reality, what will be its effect be on Hawaii real estate?Īccording to the HART website ( ), the project will cost an estimated $5.5 billion to build and is scheduled for completion in 2019. The ceremonial groundbreaking and blessing was held on Kualakai Parkway in East Kapolei, near the site of the first of 21 rail stations planned for the 20-mile elevated route. The bottom line is that the City & County of Honolulu broke ground for the Honolulu Rail Transit (HART) project in February. You hear conversations all over town beginning with, “what do you think about rail?” This article won’t get into the debate about whether you’re for or against. You can book up to nine passengers per booking, including adults, Overseas Filippino Workers (OFWs), teenagers, children and infants.It’s probably the hot topic in Hawaii today.Please get in touch with us to book this service. Children travelling alone, or in a different cabin class to their parents, are considered Unaccompanied Minors and pay the full adult fare.All OFWs must submit the required documents to avail the tax exemption. ![]() Each adult & OFW passenger can bring one infant.You can book up to nine passengers per booking, including adults, Overseas Filippino Workers (OFW), children and infants.You can book up to nine passengers per booking, including adults, teenagers, children and infants. You can book up to nine passengers per booking, including adults, children and infants.Įach adult passenger can bring one infant.Ĭhildren travelling alone, or in a different cabin class to their parents, are considered Unaccompanied Minors and pay the full adult fare.
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