A Methodology for Determining Economic Impacts of Raised Medians: Initial Development
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1997-10-01
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Edition:September 1996 - August 1997
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Abstract:The objective of this research effort was to develop and test a recommended methodology to estimate the economic impact of median design. This report summarizes the results, conclusions, and recommendations for the first year of this four-year study. The first test of the methodology was conducted within the Bryan District of the Texas Department of Transportation (TxDOT) on Texas Avenue in College Station. Texas Avenue is being widened from four to six lanes including the addition of a raised median. Subsequent years of this study will further test the recommended methodology at additional locations where a raised median is being installed. Data will be collected after the installation of the raised median is completed along Texas Avenue as part of further years of the study. Conclusions are drawn about the Texas A venue corridor with respect to quantitative aspects such as gross sales, employee hiring trends, accessibility, and qualitative comments and concerns expressed during the personal interviewing of business owners. Suggestions and recommendations are made about survey development and administration for future studies investigating economic impacts as well.
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