Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-07-07
Aviation Furnishes
Latest Impetus for
Real Estate Values

ClOnal ASSOCIATION OF Real Estate
Boards and published weekly in
this newspaper for the informa-
ton Of its readers on real estate
matters.
American airports in the future
will resemble railroad terminals,
With passengers streaming in and
out, baggage being loaded, freight
and mail weighed, time tables be-
ing scrutinized, gongs ringing, and
babies crying, according to Harry
H. Culver, Culver City, CAL, the
flying" president of the National
Association of Real Estate Boards,
speaking at the recent Boston con-
vention of the association on the
new Use for real estate brought
about by the development of avia-
ton.
Hotels, restaurants and shops will
rise on the edge of flying fields to
accommodate the passengers of the
air; industries will clamor for adj
jacent factory sites and will run
switch tracks to the hangers to eX-
pedite the rapid transportation of
their products through the sky, said
Mr.. Culver.
Thousands of acres of land are
being used for airportS, landing
fields, and airplane factory sites,
said MIR. Culver. Barren farm land
is being turned into million dollar
airportS, inaccessible areas are be-
ing opened up by the airplane, and
bug infested ground is being made
more productive.
Just as the advent of the auto
mobile made new uses for real eS-
tate by demanding more roads, SC
the airplane is creating new uses
for the land. And just as roadside
property became valuable with the
increasing popularity Of the auto,
so real estate is. becoming valuable
near airports and airways.
The announcement of the open
ing Of a new passenger service
into Maine this summer Swamped
the airway company with requests
for communication passage that in
dicate that this service will open
up many new districts along the
Atlantic coast which have hereto
fore been extremely inaccessible
and therefore Of no great value
said Mr.. Culver.
Land Sold High
In Chicago the Curtiss Flying
Service recently purchased a large
tract near Glenview, outside OF
Chicago. This was little used farm
land but this transaction involved
several hundred thousand dollars
and about $1,000 900 will be ex-
pended on the field for the build
tings, l~andscaping, etc.
Great crowds Of people even
now visit our airports on Sundays
and weekdays to watch flying &C.
tivities. From ten to fifteen thou
iSand people visit the airports at
Cleveland, Newark and Chicago
alone and these figures are pos
Sibly larger at some of our more
active ports. This will indicate the
drawing power of airport activities,
and since real estate values follow
the crowds, it is easy to see the
influence Of airports on adjacent
land areas.
The modern airport Is becoming
q gateway to the city or commun-
1ty it serves. 1t may be very di-
rectly compared to a railroad term
inal in its functions, facilities, and
general character. The airport has
the distinctive advantage, however
from the hotel aspect that thou
sands of people visit airports mere
ly to watch planes arrive and de-
part, and these crowds are in a
holiday mood, demanding food
care, and entertainment. Passen-
gers travelling by air require hotel
accommodations, either for short
periods or for overnight stays at a
stopping point enroute. The field
personnel, including ground attend
ants, the administration officials
and the pilots, must be housed and
fed.
"AIl this activity in connection
with airports in creating new uses
for real estate because land is in
demand for the hotels, shops. res
~taurants, and other structures. Ia
say nothing of the land required
for the airport itself.
Need Space
1.-THE ideal commercial Iandino
Held or airport should contain
from 800 to 600 acres. A survey OF
the combined area Of all American
alrportS has never been made bit
there are 1889 airports in this
country at present with at least
1000 more under construction bv
various municipalities.
The DEVELOPMENT of aviation bes
had already and will have a much
greater effect on real estate values
Win consequent changes in it's use
Like rail terminals, the great air.
ports under construction in oil
parts OF the country will have a Ill
rect bearing on the s~urroundino
property. AS air traffic increases
there will be more bus lines ii
operation to and from airports
more street car lines will be MI
INTO operation, thus giving these
areas more transportation facilities
winch are SO vital to their deyelon-
ment. 0p-
The tendency to beauty a;rro,+s
lanoscaping and fine buildings
VIII also increase the values 81
surrounding properties and perhans
consequently put it to new IlsaS
rake, Tor instance, the Fairfar
airport In Kansas City where soores
OF I~anoScaplng experts and WORK
men are at work at this time com
pietlng an extensive beautificetian
pan winch will make this airnort
CITY," VI the