How will All Aboard Florida affect property values?

Appraiser requesting $60K for study
December 24, 2014 04:30PM

All Aboard Florida

With the long-awaited All Aboard Florida plans underway, many are wondering how the express passenger train project will affect property values near the tracks and on the water. According to the Palm Beach Post, Martin County Property Appraiser Laurel Kelly plans on requesting $60,000 from commissioners in early January to conduct a study to answer that very question. She said she wants to look at what the values of the thousands of properties in the vicinity of the tracks were before All Aboard Florida was announced. Then she plans to check what those values were after the announcement was  made, and then after trains start running. Kelly is seeking to partner with Florida Atlantic University’s Center for Urban Environmental Solutions on the study. “I think we have to have answers and I don’t think anecdotal information is enough,” Kelly told the Post. “We need facts and data.” All Aboard Florida is expected to run 32 passenger trains per day on the Florida East Coast Railway tracks, between Miami and Orlando, with stops in West Palm Beach and Fort Lauderdale. The trains’ top speed will be close to 80 mph. Opponents have many concerns about the project, including noise, traffic delays at crossings, and an increase in vehicle accidents with the trains. [Palm Beach Post] — Kristina Puga