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TCRP H-50 [Final]
Local Economic Development Measurement Tool for Transit
| Project Data |
| Funds: |
$150,000 |
| Research Agency: |
Economic Development Research Group, Inc. |
| Principal Investigator: |
Mr. Glen E. Weisbrod |
| Effective Date: |
2/11/2015 |
| Completion Date: |
2/10/2016 |
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BACKGROUND
Transportation economic impacts are too often viewed as merely based on jobs generated during construction. While real, these impacts have nothing to do with the long-term benefits that transportation generates. Too often, however, these impacts are used as the only rational for public investment. Long-term benefits reflect improvements in accessibility, mobility and productivity.
Studies that document the actual observed effects of transportation capacity investments do but they are not always accessible in an organized fashion, nor are they of consistent quality. Transit is not unique with these issues. The T-PICS framework was actually planned with other modes in mind. Transit is a logical addition, given the growth in transit use and the fact that transit faces the same public concerns to ensure that dollars are well spent.
OBJECTIVE
This project will build on the lessons learned from the SHRP2 project to provide a proof of concept for a transit version, in the form of a working prototype. It is recognized that significantly more resources will be required in future years to populate that prototype with more cases.
STATUS: The final report has been published and can be obtained here: https://www.trb.org/Main/Blurbs/174387.aspx
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