01519779

Component

https://doi.org/10.3141/2417-12

http://scholar.google.com...land&publication_year=2014

The cost of transportation plays an important role in residential location choice. Reducing transportation costs not only benefits the user but also improves the performance of the system as a whole. A direct impact of transit-oriented development (TOD) is the change in out-of-pocket costs for users, as well as the changes in costs of externalities and agency benefits. The prime mover for these changes is the shift in population when a TOD is built near train stations and the induced mode shifts from driving to transit. In this study several sites throughout New Jersey were evaluated to determine the cost of driving versus the cost of using rail transit to major employment destinations in New Jersey and New York City. Driving costs were composed of vehicle operating costs (including fuel, wear and tear, and depreciation), value of time based on the highway travel time from origin to destination, parking cost, and cost of externalities such as air and noise pollution, road maintenance, and accidents. Transit costs were composed of fares, parking costs, and values of travel time, waiting time, and transfer time. The likely changes in population resulting from the TOD were used to estimate changes in highway and transit trips. The costs were compared to derive the net benefit for transportation system users as a result of the TOD. Generally, TOD results in financial benefits to the user and the transportation system.

01547892

14-4888

English

pp 111–120

2014

Transportation Research Record: Journal of the Transportation Research Board

9780309295277

Print

Figures (2) ; Maps; References (27) ; Tables (8)

Benefit cost analysis; Costs; Driving; Modal shift; Mode choice; Rail transit; Residential location; Transit oriented development; Travel time; Work trips

New Jersey

Economics; Finance; Highways; Planning and Forecasting; Public Transportation; I10: Economics and Administration; I72: Traffic and Transport Planning

TRIS, TRB, ATRI

Jan 27 2014 3:43PM

• Bus Drivers’ Responses to Real-Time Schedule Adherence and the Effects on Transit Reliability
• Determinants of Mode Share over Time: How Changing Transport System Affects Transit Use in Toronto, Ontario, Canada
• Development of Rail Service Sensitivity Meter
• Effects of Transit Real-Time Information Usage Strategies
• Exploring Synergy in Bicycle and Transit Use: Empirical Evidence at Two Scales
• Methodology for Evaluating Quality of Travel Plans for New Developments
• Sequential Framework for Short-Term Passenger Flow Prediction at Bus Stop
• Service Reliability in a Network Context: Impacts of Synchronizing Schedules in Long Headway Services
• Special Assessment District’s Ability to Fund Transit: Lessons from Project-Level Analysis
• Synchronizing Public Transport Transfers by Using Intervehicle Communication Scheme: Case Study
• Use of Spatiotemporal Constraints to Quantify Transit Accessibility: Case Study of Potential Transit-Oriented Development in West Valley City, Utah
• Using Simulation to Analyze Crowd Congestion and Mitigation at Canadian Subway Interchanges: Case of Bloor–Yonge Station, Toronto, Ontario
• Value of Crowding on Public Transport in Île-de-France, France