Posted by nicholas on
URL: https://forum.buildingbullcity.com/147-From-Freeway-to-Boulevard-Pt-1-Design-tp817p824.html

Some numbers for my scenario in the above posts:

The continuous section between the I-85 Connector and US 15/501 (running along Pettigrew, Jackie Robinson, William Vickers, and Erwin) is  5.66 miles.  The Morehead Ave section from ATC to Briggs 2.31 miles.  There are a bunch of side streets and other miscellaneous street reconnections that are probably around 1.5 miles in total.

All of the green sections in my map add up to just over 100 acres.  Granted, this figure is based off of tons of rough estimates of where ROW/existing property boundaries are, but should be fairly close to an official survey.

Tough to put a number on how much those 100 acres are worth because property values vary massively depending on where you are along 147.  The ATC area looks like about $1.5M-$2M per acre (before improvements), but drop off pretty rapidly the farther away you go.  However, if development starts to crop up along this corridor, you'll really start to see those values skyrocket - Van Alen has a taxable value of $77M, and about $70M of that is the building.  555 Mangum has a taxable value of just over $38M, and $32M of that is the building.  Combined, that's over $100M worth of improvements in just one block.  Definitely playing the long game with these numbers, but I think the increase in tax values would probably eventually cover the cost of the conversion.