Effect of Base Realignment and Closure on Real Estate Values
Kevin R. Mantovani
Broschiertes Buch

Effect of Base Realignment and Closure on Real Estate Values

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This thesis offers a quasi-experimental analysis of the effect of a base closure (BRAC) on real estate values across a twenty-eight-community sample. A hedonic valuation model was used to estimate this effect in quasi-experimental setting on a sample population consisting of single-family homes aggregated by zip code census data surrounding twenty-eight active and closed military installations. A test for sample bias to evaluate the treatment and comparison samples was developed and tested on these data, confirming the appropriateness of the sample. This study has determined that an installati...