Economic Development Research Group Blog

Resilience Economics in Action: The Example of US-101 in California

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Many MPO’s and state DOT’s are beginning to assess not only their vulnerability to transportation system failures caused by natural disasters and weather-related events, but also the wider economic consequences of potential future infrastructure system failures.  As such events may increase in frequency with aging facilities and climate change, understanding the economic consequences of these events should be at the core of any resiliency analysis.  To address this issue, two fundamental questions need to be considered: What are the economic consequences of failures in a transportation system caused by weather or other natural disaster events? What cost-effective transportation solutions can best avoid, mitigate, or quickly respond to these potential failures? Quantifying the scale of economic losses due to a disruption in the transportation system highlights how much of the economy is exposed to natural or weather-related disasters.  This assessment can be used as a benchmark to evaluate the cost-effectiveness of various...
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TRANSIT’S ROLE IN HIGH TECH ECONOMIC DEVELOPMENT

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The advertisement of Amazon searching for a new location for its headquarters has brought to the forefront the specific search criteria that the company is using to evaluate potential locations. In response to this advertisement, the New York Times wrote an article, "Dear Amazon, We Picked Your New Headquarters for You," applying their search criteria, including economic data, to estimate which city has the highest likelihood of being selected. One specific criteria mentioned is the availability of mass transit. In their own words “An Amazon priority is mass transit, and it has asked applicants to provide their traffic congestion rankings during peak commuting hours. These remaining metro areas are among the top 15 in the country in the share of workers who commute by transit, according to the American Community Survey.” A reason for this request is likely because continued growth in technology-oriented businesses in urban locations will require increasing reliance...
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Don't Forget It's About More Than Just Safety

On June 17th, 2013 a WSJ article entitled “Rail Safety and the Value of a Life[1]” highlighted the financial struggles that regional transit transportation authorities are facing to address safety concerns: both avoiding train crashes and improving deteriorating bridges.   A federal requirement to install anti-crash gear (Positive Train Control – PTC) for all transit systems that carry over 564 million passengers by 2015 is currently being discussed by the Senate Commerce Committee.   While there is debate over prioritizing schedules of investing in PTC versus the backlog of needed bridge renovations, it highlights the urgent need for overall additional investment in transit infrastructure

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