American Railway Development Association


June 2015
Real Estate Feature 

Appraising Railroad Corridors for Recreational Trail Use

Original Article -  Jeffrey K. Jones, MAI
Letter to the Editor in Response - Charles W. Rex III, MAI and Cameron R. Rex, MAI GISP

Jennifer Tomaloff / Flickr

For the Winter 2014 edition of The Appraisal Journal, ARDA members Charles "Sandy" Rex and Cameron Rex offered their thoughts on a Summer 2014 article titled "Appraising Railroad Corridors for Recreational Trail Use." Together they challenged the notion that it is not possible for a rails-to-trails corridor to represent the highest and best use as a corridor. They also dissect the author's argument that across the fence (ATF) valuation methodologies are being incorrectly applied in rails-to-trails transactions.


The Appraisal Institute is generously allowing ARDA newsletter readers access to the original article and subsequent comments by Charles and Cameron Rex and the article's author Jeffrey K. Jones. Please click here to view these documents in PDF form. This link will only remain active until July 25, 2015. 

2015 Annual Meeting - Register Now!
Registration for the 2015 ARDA Annual Meeting (July 12-15 in Denver, CO) is now open via ARDA's website

The theme of the event will be "The Changing Face of Business." The conference program will include sessions on the following topics:
  • National Environmental Policy Act (NEPA) Policy and Compliance, with Project Examples
  • Mineral Rights Issues
  • Updates on a National and International Railroad Economic Development Issues
  • Imagery and Unmanned Aerial Systems
  • Railroad Abandonment Challenges

Our full program schedule is now available on our website here.

The Westin Denver Downtown will host our 2015 Annual Meeting alongside Denver's 16th Street Mall. For details on how to book a room at the Westin, as well as other information on the ARDA 2015 Annual Meeting, please visit:

Membership Renewals

ARDA members, to renew your membership, please visit the new ARDA website at and log-in at the top right corner of the page. 

Your renewed membership allows ARDA to continue fostering the industrial, real estate, natural resources, market development activities and environmental concerns of the North American railroads through the advancement of ideas and education of its members. 

If you are not an ARDA member and would like to join, please visit our registration page.

ARDA Sponsorship Opportunities

For over 100 years, the American Railway Development Association has helped foster economic development, real estate, law, technology and environmental activities of North American railroads. ARDA's seminars and workshops provide railroad professionals with quality information and industry discussion of the current issues facing railroad development. A balance of programs and interests has been the norm covering environmental, industrial development, business development, real estate, technology and law issues. ARDA would not have survived this long without our friends and sponsors supporting the organization's efforts.


ARDA offers sponsorship opportunities either on an annual basis or at one of our events. To sponsor ARDA please complete this form, or visit our sponsorship page for more information.  

Save the Date! - ARDA 2016 Executive Forum


The 2016 Executive Forum will take place January 26-27, 2016 at the Hyatt Regency Miami. More details to follow!

For more information, visit the ARDA website or contact: 

ARDA staff at
The American Railway Development Association (ARDA) is a not-for-profit educational trade association founded in 1906 to promote Economic Development, Real Estate Development, Technology, and Environmental Activities of the North American Railroads. 
The objectives of the Association are to foster the industrial, real estate, natural resources, market development activities and environmental concerns of the North American railroads; and through the advancement of ideas and education of its members, further promote the effectiveness of railway development and related work.
Real Estate Feature
2015 Annual Meeting
Membership Renewals
2016 Executive Forum
Industry News

Thank You ARDA 2014 - 2015 Sponsors

Kansas City Southern




Clear Channel Outdoor

Florida East Coast Railway
Green Group Holdings
Herzog Contracting Corp.
LJA Engineering, Inc. 
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