Assessing the socio-economic impacts of green/blue space, urban residential and road infrastructure projects in the Confluence (Lyon): a hedonic pricing simulation approach

Abstract

Urban green/blue spaces are put under pressure as urban areas grow, develop and evolve. It is increasingly recognized, however, that green/blue spaces provide important ecosystem services, stimulate higher real estate prices and prevent flooding problems. This paper aims to assess and compare the socio-economic impacts of potential green/blue space, urban residential and road infrastructure development scenarios in the Lyon Confluence project area (France), using the Sustainable Urbanizing Landscape Development (SULD) hedonic pricing simulation model. Results show four major tendencies regarding the value-added of green/blue spaces in urban landscapes: (1) cities become more compact; (2) population densities increase; (3) real estate values rise; and (4) demographic distribution patterns change. The magnitude of these impacts depends, however, on the quality and size of the intervention, the social classes attracted to the intervention area and on the location of the intervention relative to existing residential areas, urban centres, road infrastructure and environmental amenities.