Economic Impact Case Study Tool for Transit (2016) / Chapter Skim
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Pages 31-37
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31 C H A P T E R 5 5.1 Overall Conclusions Study Findings The overall conclusion of this TCRP study is that it is both possible and useful to expand the national database of trans portation project impact case studies to include public tran sit projects. The pilot cases showed that (1)
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32 the explicit goals of SHRP 2, its EconWorks successor, or this TCRP project (see Section 1.3)
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33 actually had at least $20 million of capital investment and, even then, some of them had relatively limited job or development impacts to date. The motivation for enforcing a minimum size threshold is neither to distort the sample by systematically excluding a class of projects nor to bias findings by focusing on projects with larger impacts.
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34 reporting table on funding sources although it can be, and sometimes is, covered in the project impact narra tive. For instance, this information was available for two of the seven pilot cases for transit projects, and it is reflected in the narrative section of the database records for those projects.
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35 States. Other projects may be of state or regional significance -- affecting attraction of investment and economic growth in particular regions of interest.
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36 However, it became clear during the case study screen ing process (see Section 2.1, Step 3) that many of the transit projects had a much larger impact on attracting residential development than on attracting office, retail, or industrial development.
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37 on the market for commercial investment at or near TODs. As a group, these information sources have the potential to enable more or better economic development surrounding transit stations, and they may someday be useful to enhance case studies of transit project impacts.
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