Current Practices for Assessing Economic Development Impacts from Transportation Investments

Current Practices for Assessing Economic Development Impacts from Transportation Investments

Author: Glen Weisbrod

Publisher: Transportation Research Board

Published: 2000

Total Pages: 88

ISBN-13: 9780309068734

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This synthesis report will be of interest to DOT administrators, supervisors, and staff, as well as to the consultants working with them in assessing the economic development impacts of existing or proposed transportation investments. Metropolitan Planning Organization regional and local staffs might also find it informative. It is intended to help practicing planners become aware of the range of methods and analysis techniques available, organized by the different categories of agency needs, to address different types of planning, policy, and research needs. This synthesis summarizes the current state of the practice by means of a survey of transportation planning agencies in the United States, Canada, and the United Kingdom. This report provides reviews of the analysis methods used in recent project and program evaluation reports of these agencies, in addition to a bibliography of economic literature and guides.


Interactions Between Transportation Capacity, Economic Systems, and Land Use

Interactions Between Transportation Capacity, Economic Systems, and Land Use

Author:

Publisher: Transportation Research Board

Published: 2012

Total Pages: 62

ISBN-13: 030912932X

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"Strengthening the economic vitality of a region (jobs and income) is one of the primary reasons for investing in highway capacity. Elements of improving economic vitality include better access to markets and labor force, reduced cost of delay, reduced congestion, improved safety, reduced pollution, and a better quality of life. However, the ways in which new and improved highway capacity influences economic vitality are complex and often indirect. This project had three objectives: (1) to provide a resource to help determine the net changes in the economic systems of an area impacted by a transportation capacity investment; (2) to provide data and results from enough structured cases that project planners in the future can use the cases to demonstrate by analogy the likely impacts of a proposed project or group of projects (plan); and (3) to demonstrate how this fits into collaborative decision making for capacity expansion."--proj. desc. This project produced 100 case studies of already-built highway capacity projects and their economic development impacts. To accomplish this, the study team compiled pre/post economic and land development data and conducted local interviews, in order to portray the actual, observed economic development impacts of those projects. The results were put into a database and classified by type of project and local setting. An accompanying web tool, called T-PICS (Transportation Project Impact Case Studies), was developed to provide access to the case study information so it can be used to portray the range of economic development impacts occurring as a result of different types of projects in different settings.


Effects of Bypasses

Effects of Bypasses

Author: Jon D. Fricker

Publisher: Purdue University Press

Published: 2008-06-01

Total Pages: 196

ISBN-13: 9781622600960

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This study aims to investigate the long-term impacts of bypasses on small- and medium-sized communities in Indiana. Interviews were conducted with community officials and individuals familiar with the history of each bypassed community. Statistical models were developed to analyze economic impacts across a number of key indicators including payroll and employment in various industry sectors. Lessons learned from this study vary from county to county and across industry sectors. The findings of this study will be used to develop a concise guide that will provide guidance to both Indiana Department of Transportation (INDOT) officials and community officials as to how to best adapt to the presence of the bypass.


Transport Investment and Economic Development

Transport Investment and Economic Development

Author: David Banister

Publisher: Psychology Press

Published: 2000

Total Pages: 404

ISBN-13: 9780419255901

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This book makes a major contribution to the debate and is directed at researchers, decision makers and students who are interested in the wider economic development impacts of transport.


Assessing the Economic Impacts of Transportation Improvement Projects

Assessing the Economic Impacts of Transportation Improvement Projects

Author:

Publisher:

Published: 2006

Total Pages: 166

ISBN-13:

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"In that a transportation system can influence an economy for good or bad, a system that enhances economic vitality becomes a crucial element in maintaining or developing economic prosperity. To provide a methodology to include economic development impacts of transportation improvement projects in the decision making process and the tools and alternatives available are here explored"--Abstract.


Assessing the Economic Impacts of Transportation Improvement Projects

Assessing the Economic Impacts of Transportation Improvement Projects

Author: Andrew L. Stewart

Publisher:

Published: 2006

Total Pages: 166

ISBN-13:

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In that a transportation system can influence an economy for good or bad a system that enhances economic vitality becomes a crucial element in maintaining or developing economic prosperity. To provide a methodology to include economic development impacts of transportation improvement projects in the decision making process and the tools and alternatives available are here explored. Primary contributions of this document are results of a literature review, transportation professional and decision maker survey, economic modeling tool evaluation, and development of approach alternatives. The following thesis introduces the purpose and need for the given research, the procedure that was followed, the preliminary results, and a committee recommended action arrived upon after consideration of the research findings.