New Jersey’s Links to the 21st Century: Maximizing the Impact of Infrastructure Investment
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2002-12-01
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Abstract:New Jersey has made significant investments in transportation over the last 10 years, and numerous additional projects are planned or proposed for the next decade and beyond. These investments have improved and will continue to improve accessibility throughout the State and will increase New Jersey's attractiveness to businesses and individuals. In the past, these investments have been studied on a project basis. Each is designed to solve a problem within its corridor of influence. Collectively, however, these projects may substantially change the relative accessibility of northern New Jersey and affect economic development and land use throughout the region. With so much development proposed or in progress, it becomes vital to understand these effects. The questions that arise include: 1.) How do the planned and progressing infrastructure investments affect the accessibility of Northern New Jersey, and how can the changes be quantified?; 2.) If such changes occur, how and to what extent will they affect land use decisions? How can such decisions be shaped to have maximum positive impact on economic development, jobs and quality of life for the people in New Jersey?; and, 3.) How can the New Jersey Department of Transportation assist in this decision-making through development of appropriate planning and policy analysis tools? This report describes the results of our research on these questions. We begin by reviewing the parallel development of New Jersey's economy and transportation infrastructure. Next, we define accessibility and show how it has changed. At the heart of the report, we present the results of our studies, showing that improvements in accessibility have a significant impact on economic growth, and detailing the relationships between transportation infrastructure improvements and land development. Finally, we provide a set of analytical tools and guidelines to help shape future projects for maximum positive economic impact, and we analyze proposed projects in light of these guidelines.
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