A new study suggests that while minimum and maximum parking requirements can be effective in some ways at managing spillover parking, they are anything but a one-size-fits-all approach. Using economic models, researchers tested the effects of different pricing and regulatory policies on nearby residents, local shoppers, and non-local shoppers of an urban mall or other major retailer. They found that regulating the supply of on-site parking is only effective if the retailer has enough market power to adjust the price of goods, and even more so when parking is also priced accordingly.
economic impacts
VMT growth continued, slowed in 2016
The total number of vehicle miles traveled in the U.S. grew by 2.8 percent to 3.2 trillion in 2016, according to monthly estimates from USDOT. This marks the third year of notable growth following nine years of historical lows, but still shows slower growth than in the previous year (3.5 percent, based on the most recent numbers).
Development of Tools for Assessing Wider Economic Benefits of Transportation (TRB, 2013)
A new study by SHRP2 details the development of tools to help assess the wider economic benefits of transportation projects. In addition to the study, four sets of spreadsheet tools that can aid in transportation project impact assessment are provided.
Factors affecting the decline in VMT: A new SSTI report
SSTI has released a paper outlining factors contributing to the recent decline in American driving and the implications for transportation planning.
Factors affecting the decline in VMT: A new SSTI report
SSTI has released a paper outlining factors contributing to the recent decline in American driving and the implications for transportation planning.
Researchers assess performance of state transportation systems using sustainability index
New research from the University of Connecticut sheds valuable light on key policy objectives for improving the sustainability of state transportation systems. According to the research, states with high rates of automobile use and high VMT are generally ranked poorly.
Researchers assess performance of state transportation systems using sustainability index
New research from the University of Connecticut sheds valuable light on key policy objectives for improving the sustainability of state transportation systems. According to the research, states with high rates of automobile use and high VMT are generally ranked poorly.
Assessing the Extent and Determinates of Induced Growth (Montana DOT, 2013)
Transportation improvements affect the accessibility of places, which in turn can result in changes in land use in combination with factors that support or discourage development (such as land prices, market demand, local land use regulations, and environmental constraints). Transportation projects alone cannot change surrounding land use. The Montana Department of Transportation has released a report that discusses a legally defensible process for assessing the indirect land use and environmental effects of transportation projects.
Impacts of light rail on property values vary by distance and income level
A new study on the economic impacts of New Jersey’s River Line light rail system has shed some light on the complex relationship between transportation infrastructure and the housing market. The study highlights the more localized economic effects of the light rail system. The results provide an interesting opportunity for transit managers and planners to consider the varied effects new transportation infrastructure may have on different types of surrounding property.