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Table 4. Station Area land with highest development or redevelopment potential(acreage) <br /> Station Orange Durham County Durham County Total Amount of land in <br /> County west of 1-40 east of 1-40 Y2 mile radius circle <br /> Gateway 48 63 54 165 503 acres <br /> Leigh Village 0 214 27 241 503 acres <br /> Meadowmont 43 76 0 119 503 cres <br /> Hillmont 0 130 0 130 503 , cres <br /> A comparison of assessed property values in Meadowmont to assessed values for an existing single <br /> family residential area north of Meadowmont suggests that land developed as a walkable, mixed- <br /> use development on the scale of Meadowmont would yield almost three times more property <br /> value and property tax revenue on a per-acre basis than land developed as suburban housing. <br /> Congestion Relief <br /> People traveling by car could receive benefits from the LRT if it results in fewer cars on area roads. <br /> Selected highway links on NC54 and US 15-501 were analyzed to show trip ends associated with <br /> the same 5 areas as the LRT ridership analysis: UNC-Chapel Hill, other Orange County zones, Duke <br /> University, other Durham zones and zones outside of Orange and Durham counties. Table 5 shows <br /> roadway users who might benefit due to people using the LRT investment. The version of the <br /> travel demand model used in this analysis (the one used for the 2035 Long Range Transportation <br /> Plan) did not show discernable impacts on roadway congestion from building the LRT. <br /> Table 5. Trip Ends by Roadway Segment US 15-501-West of 1-40 NC 54-W of Farrington Rd <br /> (each trip has 2 trip-ends): Number % Number <br /> UNC-CH zones 7,690 6% 27,635 17% <br /> Other zones in Orange County 52,294 39% 40,311 24% <br /> Duke University zones 4,684 3% 1 533 0% <br /> Other zones in Durham County 50,398 37% 62,737 38% <br /> Zones outside of Durham and Orange <br /> Counties 19,446 14% 34,478 21% <br /> Total trip ends(trips=Y2 this number): 134,513 100% 165,694 10051. <br /> KEY POINTS: <br /> 1. Like transit riders, roadway users are widely distributed among the two counties; significant <br /> percentages also come from Chatham and Wake Counties, especially along NC54. <br /> 2. The traffic modeling results did not show any discernable congestion differences between <br /> building the LRT and the "no-build" alternative, so benefits to road users may be slight. <br /> IMPORTANT CAVEATS: <br /> 1. Results are for the Year 2035 and come from the Regional Transportation Model version used to <br /> develop the 2035 Long Range Transportation Plan, known as v4. Results, especially those for <br /> small segments of the transportation system, should be viewed as approximations. <br /> Page 18 <br />