R ECENT YEARS have witnessed a re-awakening of interest in urban property values as cities face the problems of decentralization, obsolescence, and new fiscal crises. Important decisions in urban zoning, master planning, redevelopment, transportation, and parking require assumptions concerning the long-term trends in commercial and residential property values and the effects of varying programs of public investment upon these trends. Herbert B. Dorau has concluded re-
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Paul F. Wendt (1957) studied this question.