Land, rooftops, walls and building "value" and prices vary greatly , from state to state in the US and globally, from country to country, for the use and occupancy of outdoor -billboard-advertisign devices and signs.
Again "limited supply, or inventory, coupled with high population density, and high traffic count tends to increase property values whereas the opposite is true.
The proliferation of billboards anywhere, because of limited, or no land-use controls, rules and regulations simply drive "values" downhill.
For many reasons certain states in the US have a total ban on billboards mainly because of the Highway Beautification Federal Law promoted by Lady Bird Johnson, wife of US President of Johnson.
On the other hand, for example, a US center of outdoor advertising, Times Square. in New York has a specific zoning by law which mandates that any new high rise building, in the Times Sq area, must devote a certain amount of facade space for the use and occupany of Outdoor-Billboard-Advertsing.
New York City is one for the few communites that knows the true economic developemental power of "bight lights," and not just fromBroadway!
Again "limited supply, or inventory, coupled with high population density, and high traffic count tends to increase property values whereas the opposite is true.
The proliferation of billboards anywhere, because of limited, or no land-use controls, rules and regulations simply drive "values" downhill.
For many reasons certain states in the US have a total ban on billboards mainly because of the Highway Beautification Federal Law promoted by Lady Bird Johnson, wife of US President of Johnson.
On the other hand, for example, a US center of outdoor advertising, Times Square. in New York has a specific zoning by law which mandates that any new high rise building, in the Times Sq area, must devote a certain amount of facade space for the use and occupany of Outdoor-Billboard-Advertsing.
New York City is one for the few communites that knows the true economic developemental power of "bight lights," and not just fromBroadway!
Bill McInerney
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