Assessing the Economic Benefits of the Transportation Infrastructure Model for Development (TIMED) Program

The primary objective of this research is to identify measures that could be used to estimate the economic development impact of transportation improvement projects in Louisiana. These measures could be surrogate measures, such as property taxes, employment, population, etc., or could be direct measures of economic impact, in dollar terms. It is then desirable to apply these measures to the Transportation Infrastructure Model for Development (TIMED) program’s 14 completed projects, to establish a baseline, so that the measures could then be used to assess the economic development potentials of future transportation projects, thereby helping in the decision-making process, and leading to a methodology that will assess potential quantitatively from an economic development point of view.