Economic Impact Analysis of Transit Investments

Economic Impact Analysis of Transit Investments
Author: Cambridge Systematics
Publisher: Transportation Research Board
Total Pages: 200
Release: 1998
Genre: Local transit
ISBN: 9780309062671

This report will be of interest to transportation economists and other analysts to assist them in selecting methods to conduct economic impact analyses of transit investments. Although the primary goal of public transportation investments is to improve mobility, economic benefits are also important to transit investment decisions. Consequently, it is important that reliable and defensible analytic methods are used to support decisionmaking.

The Impact of Light Rail Transportation Announcement and Construction

The Impact of Light Rail Transportation Announcement and Construction
Author: Stephen Henry Plevak
Publisher:
Total Pages: 178
Release: 2010
Genre:
ISBN:

As American cities continue to expand and their existing transportation infrastructure becomes strained from increased demand, many cities have turned to light rail transit to not only alleviate congestion but also to provide an economic development stimulus to the areas around the stations. This report focuses on determining the economic impact on areas surrounding announced light rail stations in Austin, Texas while also attempting to quantify changes in land use and demographics experienced in a city who has an established light rail line; Dallas, Texas. In addition to examining any changes associated with the announcement and construction of a light rail project this report will qualitatively examine the role of these project in stimulating gentrification in station areas and what effect gentrification will have in preventing low-income households from accessing the improved transit system. The report will also propose actions that could ensure that these households continue to have access to public transportation, which would mitigate the strain of increasing transportation costs.

Impacts of Mass Transit Railway (Mtr) on Urban Land Development

Impacts of Mass Transit Railway (Mtr) on Urban Land Development
Author: Lingya Guan
Publisher:
Total Pages:
Release: 2017-01-26
Genre:
ISBN: 9781361011232

This dissertation, "Impacts of Mass Transit Railway (MTR) on Urban Land Development: a Case Study of West Island Line in Hong Kong" by Lingya, Guan, 管羚雅, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Transportation investment impact on land development is always an attractive issue to politicians, planners, investors, developers, and academicians. It is because that transportation development is viewed as an economic growth generator, and built environment is believed to have been shaped by transportation system. In particular, rail transit system's development and its impact on land use pattern and property development is regarded as having the ability to enhance accessibility level, consequently result in higher land value within the neighborhood, higher degree of aggregation at the center, and higher density near the stations or interchanges. Many studies have been implemented, endeavoring to reach a consensus on what the impacts are and what the functioning mechanism is. However, hardly any consensus has been reached due to the case-by-case feature of the study. With an interest in understanding the impacts of newly opened West Island Line on changes in land development at the three station areas, this study has adopted an empirical study approach based on urban economic theory of the location theory. Through the support of GIS and statistical techniques, the study of planning permission applications from 2000 to 2015 has demonstrated that West Island Line do have impacts on land development activities, since planning applications are mostly for commercial and composite residential uses, and most applications are located to the vicinity of the three stations. Moreover, three outcomes have been generated from the analysis, they are: higher value uses and developments are indeed more attractive to stakeholders, rather than low-profit constructions; planning applications tend to concentrate around station areas, rather than relatively peripheral areas; speculations of higher land value because of MTR's development do exist. The study is believed to have the ability of becoming a reference for better developing West Island Line, as well as showing a direction for further rail transit development carried out by Hong Kong SAR Government and MTRC. Subjects: Subways - China - Hong Kong RRailroads - China - Hong Kong Land use, Urban - China - Hong Kong