Capturing the Benefit of Complete Streets

Anecdotal information indicates that private investment and property value increases are associated with featured Complete Streets projects; however, the studies do not compare them to the economic benefits or return on investment of non-Complete Streets projects. Therefore, this research will investigate comparing investments in roadway capacity (i.e., projects that serve to increase private vehicle speed and/or level of service, without Complete Streets components) with investments that result in decreased private vehicles speeds and increased safety (i.e., projects that have some Complete Streets components). Such research will lead to a better understanding of the differences among such projects in creating jobs, spurring private investment, increasing property values, and overall improved economic impacts. This will help transportation agencies to understand the marginal returns that can be expected from investments in non-traditional project expenditures that improve accessibility of roadways for transit, bicyclists, and pedestrians and that reflect and promote community visions and plans.

• Record URL:
  http://www.nctr.usf.edu/2015/03/capturing-the-benefits-of-complete-streets/
• Supplemental Notes:
  • The National Center for Transit Research (NCTR) is a Tier 1 University Transportation Center.

Language

• English

Project

• Status: Completed
• Funding: $145160.00
• Contract Numbers:

  DTRT12-G-UTC22

  77968-00

• Sponsor Organizations:

  Research and Innovative Technology Administration

  University Transportation Centers Program
  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590

  National Center for Transit Research

  Center for Urban Transportation Research, University of South Florida
  4202 East Fowler Avenue, CUT 100
  Tampa, FL  United States  33620
• Project Managers:

  Volinski, Joel

• Performing Organizations:

  National Center for Transit Research

  Center for Urban Transportation Research, University of South Florida
  4202 East Fowler Avenue, CUT 100
  Tampa, FL  United States  33620
• Principal Investigators:

  Perk, Victoria

• Start Date: 20140211
• Expected Completion Date: 0
• Actual Completion Date: 20151231
• Source Data: RiP Project 39235

Subject/Index Terms

• TRT Terms: Complete streets; Economic benefits; Highway capacity; Highway safety; Investments; Property values; Return on investment; Streets
• Subject Areas: Data and Information Technology; Economics; Highways; Planning and Forecasting; Public Transportation;

Filing Info

• Accession Number: 01556862
• Record Type: Research project
• Source Agency: National Center for Transit Research
• Contract Numbers: DTRT12-G-UTC22, 77968-00
• Files: UTC, RIP
• Created Date: Mar 13 2015 1:00AM