Economic Development Impact of Corridor Improvements

Chacon-Hurtado, Davis; Yang, Ruiman; Gkritza, Konstantina; Fricker, Jon D.; Purdue University. Joint Transportation Research Program

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Economic Development Impact of Corridor Improvements

2018-02-02
By Chacon-Hurtado, Davis ; Yang, Ruiman ; Gkritza, Konstantina ; ...

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English

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Creators:

Chacon-Hurtado, Davis ; Yang, Ruiman ; Gkritza, Konstantina ; Fricker, Jon D.

Chacon-Hurtado, Davis ; Yang, Ruiman ; Gkritza, Konstantina ; Fricker, Jon D. Less -
Corporate Creators:

Purdue University. Joint Transportation Research Program
Corporate Contributors:

Indiana. Dept. of Transportation ; United States. Federal Highway Administration

Indiana. Dept. of Transportation ; United States. Federal Highway Administration Less -
Subject/TRT Terms:

[+]

Access Management Arterial Highways Arterial Signal Coordination Economic Development Impacts Highway Capacity Highway Corridors Highway Traffic Control Systems Incident Management Saturation Flow Sketch Planning Traffic Traffic Flow Traffic Signals Work Zone Management Work Zone Traffic Control
Publication/ Report Number:

FHWA/IN/JTRP-2018/01
Resource Type:

Tech Report
Geographical Coverage:

Indiana ; United States

Indiana ; United States Less -
Corporate Publisher:

Purdue University. Joint Transportation Research Program
Abstract:

In recent years, the Indiana Department of Transportation (DOT) and other state transportation agencies have increasingly implemented non-capacity expansion projects or strategies due to their benefits in improving flow, safety, and reducing delay in the transportation network at low capital, operations, and maintenance cost. The quantification of the benefits of these strategies has also become very important due to increasingly challenging local and regional fiscal conditions. With this in mind, this project developed a framework and a tool for the evaluation of economic development impacts of corridor improvements at the sketch-level of planning. The resulting framework and tool, called “Tool for Operations – Economic Impact Analysis” (TOPS-EIA), is based on a framework and tool from the Federal Highway Administration (FHWA) called Tool for Operations Benefit Cost Analysis (TOPS-BC). TOPS-EIA takes the expected impacts of each strategy on corridor performance and translates them into business cost savings and economic development impacts through a set of statewide economic multipliers. TOPS-EIA is subdivided into 4 modules: arterial signal coordination (ASC) strategies, traffic incident management (TIM) strategies, work zone management (WZM) strategies, and access management (AM) strategies. Additionally, a qualitative tool for road diet (RD) strategies was developed. To demonstrate TOPS-EIA, two case studies of ASC strategies were conducted. The results showed that this type of strategies could provide not only significant user cost savings, but also economic development impacts, expressed as gross regional product, job-years, and real personal income. The proposed methodology and tool can assist DOTs, Metropolitan and Rural Planning Organizations (MPOs and RPOs) in assessing the benefits of non-capacity expansion projects at the early and middle stage planning processes and, therefore, contribute to better-informed decisions.
Format:

PDF
Funding:

SPR-3912
Collection(s):

US Transportation Collection
Main Document Checksum:

[+]

urn:sha256:6ed15e8c0324d3743082773567e071a98bf45a1dea8fa178f77fae60111cb0e5
Download URL:

https://rosap.ntl.bts.gov/view/dot/36530/dot_36530_DS1.pdf
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Economic Development Impact of Corridor Improvements

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