The management of large‐scale facilities such as airports requires a wide knowledge of potential problems that can arise as a result of strategic decisions. These decisions are often made many years before they come to fruition. The paper focuses on the potential compensation problems surrounding the construction of a new runway with particular reference to Manchester Airport; and examines the methods of practice and theory which may be adopted in the valuation of residential property affected by physical factors arising from the construction of a new installation.
Pitt, M. and Jones, M. (2000), "Modelling the effect of airport noise on residential property values: an examination of the Manchester Airport second runway", Facilities, Vol. 18 No. 13/14, pp. 497-501. https://doi.org/10.1108/02632770010357917Download as .RIS
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