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.

Language

• English

Project

• Status: Active
• Funding: $125490
• Contract Numbers:

  19-5SS

  1000325

• Sponsor Organizations:

  Federal Highway Administration

  5304 Flanders Drive, Suite A
  Baton Rouge, LA  United States  70808
• Managing Organizations:

  Louisiana Department of Transportation

  P.O. Box 94245
  1201 Capitol Access Road
  Baton Rouge, LA  United States  70804-9245

  Louisiana Transportation Research Center

  4101 Gourrier Avenue
  Baton Rouge, LA  United States  70808
• Project Managers:

  Codjoe, Julius

• Performing Organizations:

  Louisiana Transportation Research Center

  4101 Gourrier Avenue
  Baton Rouge, LA  United States  70808
• Principal Investigators:

  Wilmot, Chester

• Start Date: 20190701
• Expected Completion Date: 20230930
• Actual Completion Date: 0

Subject/Index Terms

• TRT Terms: Construction projects; Decision making; Economic benefits; Economic development; Evaluation and assessment; Improvements; Infrastructure; Measures of effectiveness
• Geographic Terms: Louisiana
• Subject Areas: Construction; Economics; Planning and Forecasting; Transportation (General);

Filing Info

• Accession Number: 01709898
• Record Type: Research project
• Source Agency: Louisiana Transportation Research Center
• Contract Numbers: 19-5SS, 1000325
• Files: RIP, STATEDOT
• Created Date: Jul 1 2019 9:54PM