Real Estate, Economic, And Socioeconomic Impacts Overview

Source: Zanola Cpompany, LLC November 11, 2013

It is our conclusion that the housing factors presented in the three-year School Transportation Impact Home Sales and Pricing will likely apply for the timeframe of 2014-2020. It is important to note that, similar to the value of established school transportation related to housing sales and values, no direct insights have been identified that modifications to school transportation impact broader economic performance. Based on the review of all research for this study, our experience providing economic related research in multiple markets, and analysis of factors that influence retail sales and other economic performance, it is our opinion that there is a general corresponding relationship of housing, economic, and socioeconomic factors. It is also our opinion that the same type and levels of housing impacts will extend to population migration, employment, desirability factors, and retail sales. Our anticipated outcome over an extended timeframe is that reduced school transportation will continue a trend away from the presently projected positive home trends. It is also our opinion that the same type and levels of housing outcomes will extend to population migration, employment, desirability factors, and retail sales.
Related:
Hoover City Council refuses to hear report on impact of Hoover school bus cuts (updated)
Source: Jon Anderson. Al.com, November 18, 2013

New Study Shows Ill Effects of Losing Yellow Buses in Alabama Community
Source: Michelle Fisher, School Transportation News, November 19, 2013