Harrison Shoaf

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Advisor: Dr. Kier Hanratty

Department of Economics

Document Type

Article

Abstract

An examination of the 2017 Q Line subway extension in New York City and the potential causal relationship between its implementation and rental rates and gentrification in the surrounding area. Analysis of data covering the timeframe from 2007 to 2019 allows for utilization of OLS regression to determine if the area subject to the implementation experienced a change in rental rates and instigation of gentrification afterward compared to areas that were not subject to the implementation. Results indicate a decrease in rental rates (and by extent, no instigation of gentrification) in the area subject to the extension after it was implemented. The current recommendation is to continue developing infrastructure in pursuit of maximum economic growth/efficiency. Potential future research lies in the analysis of other infrastructure projects in other geographies utilizing similar methods as done here.

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