Methodology for Determining the Economic Development Impacts of Transit Projects (2012) / Chapter Skim
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1 EXECUTIVE SUMMARY Transit Cooperative Research Program (TCRP) project H-39, "Methodology for Determining the Economic Development Impacts of Transit Projects," was aimed at developing a method for transit agencies to assess whether and under what circumstances transit investments have economic benefits that are in addition to land development stimulated by travel time savings.
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2 available suggest that the wider economic benefits of transportation projects can add as much as a 25 percent increment to the benefits calculated in a conventional benefit-cost analysis. Our interviews of US practitioners revealed little awareness of or interest in the possibility of these additional economic impacts.
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3 National Transportation Atlas Database, the Bureau of Economic Analysis, the American Community Survey, and the Longitudinal Employer-Household Dynamics (LEHD) database.
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4 employment density growth there in comparison to elsewhere in the metropolitan area. Meanwhile, in Portland there was no statistically significant association between station proximity and employment growth, although an alternative model with cross-sectional data found substantial employment density increases near transit stations, along with a reduction in firm size.
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From page 14... ...
5 In Dallas, an emerging world city and center for finance, energy, and insurance, a rise in road congestion increases the potential for transit investment to increase agglomeration by improving access to labor markets. But there is limited evidence of this potential being realized.
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