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We examine the link between highways and urban development by employing both hedonic analysis and multiple sales techniques to study the impact of the construction of toll roads in Orange County, California, on house prices. Urban economic theory predicts that if highways improve accessibility, that accessibility premium will be reflected in higher land prices. Our empirical analyses of house sales prices provide strong evidence that the toll roads, the Foothill Transportation Corridor Backbonedoi:10.1080/10511482.2001.9521419 fatcat:mphhw3mrxra6votyon6p2ssjbi