00458050

Component

http://onlinepubs.trb.org...trr/1985/1046/1046-001.pdf

https://scholar.google.co...rson&publication_year=1985

Although economic and development impacts are frequently included as positive objectives of major transit investments, the issues, methods, and results of actual impact analysis remain rather crude and are sometimes misleading. Reported in this paper is an empirical analysis of economic and development impacts from a study of major transit investment for the Seattle area, using state-of-the-art econometric and spatial interaction models. Economic impacts are found to be quite sensitive to assumptions on financing local shares of transit investment, although project financial planning and economic impact analysis have rarely been considered together. Development impacts, in terms of both job and household locations, are modest overall and are concentrated in the vicinity of the central business district that was to be the focus of the transit service, despite the magnitude of the investment involved. The research findings are somewhat tentative, but do suggest directions for applied research in quantitative analysis with operational models to the end of clarifying for policy purposes the potential impacts of major investment projects.

Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved. Publication of this paper sponsored by Committee on Transportation and Land Development.

01419436

pp 1-9

1985

Transportation Research Record

0309039622

Print

References (25) ; Tables (4)

Central business districts; Econometric models; Economic impacts; Households; Investments; Location; Public transit; Urban development; Workplaces

Seattle (Washington)

Economics; Highways; Planning and Forecasting; Public Transportation; Society; I10: Economics and Administration

TRIS, TRB

Aug 27 2004 10:03PM

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