A Wisconsin Evaluation of a Tool to Estimate the Economic Development Benefits of Highway Projects

HEAT is one of the more sophisticated configurations of computer programs for estimating the economic benefits of highway investments. However, there are several major issues related to adapting HEAT to another state and a complete re-implementation of HEAT may not be cost-effective. Potentially, certain concepts of HEAT can be efficiently strapped onto conventional statewide travel forecasting models with freight components; these are available in about one-fourth of the states, including Wisconsin. Wisconsin is an ideal location for testing HEAT-type concepts, beyond the demonstrated interest in the subject, because of the ready availability of critical software components. This project will implement enough of the HEAT methodology for testing the concept in selected highway corridors. Many states, including Wisconsin, have long sought a valid method of determining the economic development benefits of highway projects. It is widely recognized that economic development benefits are principally tied to the ability to move freight between points of production and points of consumption. A modeling system developed in Montana, called the Highway Economic Analysis Tool (HEAT), has shown promise as being able to tie forecasts of freight transportation to forecasts of economic development. This project will test a HEAT-like model.

    Language

    • English

    Project

    • Status: Active
    • Funding: $95167.00
    • Contract Numbers:

      07-03

    • Sponsor Organizations:

      Midwest Regional University Transportation Center

      University of Wisconsin
      2205 Engineering Hall, 1415 Engineering Drive, Room 272
      Madison, WI  United States  53706
    • Performing Organizations:

      Midwest Regional University Transportation Center

      University of Wisconsin
      2205 Engineering Hall, 1415 Engineering Drive, Room 272
      Madison, WI  United States  53706
    • Principal Investigators:

      Horowitz, Alan

    • Start Date: 20060801
    • Expected Completion Date: 0
    • Actual Completion Date: 20070731
    • Source Data: RiP Project 13290

    Subject/Index Terms

    Filing Info

    • Accession Number: 01460421
    • Record Type: Research project
    • Source Agency: Midwest Regional University Transportation Center
    • Contract Numbers: 07-03
    • Files: UTC, RiP
    • Created Date: Jan 3 2013 1:24PM