Freeways and other high-performance roadway investments have long been considered vital to the economic well-being of metropolitan areas. Empirical research shows that limited-access, grade-separated freeway systems increase a region’s economic productivity by lowering transportation costs, a factor input to economic production (Aschauer, 1990; Boarnet, 1997). Past studies also reveal that urban land markets capitalize the benefit of proximity to freeway interchanges, especially for non-residential uses and in areas experiencing worsening traffic conditions (Gillen, 1996; Boarnet, 1997;...