The effect of an urban growth boundary on property prices: the case of Virginia Beach, Virginia

This thesis was originated by the debate over the effect of urban growth boundary on the value of vacant land. The case of Virginia Beach was studied. In 1979 a green line policy was enacted in this city. This study was dedicated to assess the effect of this policy on the value of the vacant land. A hedonic price model was used to isolate the importance of various characteristics of land in price determination and a simulation equation model was performed to obtain the total change in land value after the green line policy was introduced.