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Release: Urban sprawl costs US economy more than $1 trillion per year

May 5, 2015 Comments off

Release: Urban sprawl costs US economy more than $1 trillion per year
Source: Global Commission on the Economy and Climate/Victoria Transport Policy Institute

Urban sprawl costs the American economy more than US$1 trillion annually, according to a new study by the New Climate Economy. These costs include greater spending on infrastructure, public service delivery and transportation. The study finds that Americans living in sprawled communities directly bear an astounding $625 billion in extra costs. In addition, all residents and businesses, regardless of where they are located, bear an extra $400 billion in external costs. Correcting this problem provides an opportunity to increase economic productivity, improve public health and protect the environment. The report identifies specific smarter growth policies that can lead to healthier, safer and wealthier communities in both developed and developing countries.

Autonomous Vehicle Implementation Predictions: Implications for Transport Planning

February 27, 2015 Comments off

Autonomous Vehicle Implementation Predictions: Implications for Transport Planning (PDF)
Source: Victoria Transportation Policy Institute

This report explores the impacts that autonomous (also called self-driving, driverless or robotic) vehicles are likely to have on travel demands and transportation planning. It discusses autonomous vehicle benefits and costs, predicts their likely development and implementation based on experience with previous vehicle technologies, and explores how they will affect planning decisions such as optimal road, parking and public transit supply. The analysis indicates that some benefits, such as independent mobility for affluent non-drivers, may begin in the 2020s or 2030s, but most impacts, including reduced traffic and parking congestion (and therefore road and parking facility supply requirements), independent mobility for low-income people (and therefore reduced need to subsidize transit), increased safety, energy conservation and pollution reductions, will only be significant when autonomous vehicles become common and affordable, probably in the 2040s to 2060s, and some benefits may require prohibiting human-driven vehicles on certain roadways, which could take longer.

Financing Transit Systems Through Value Capture: A Bibliography

May 31, 2012 Comments off

Financing Transit Systems Through Value Capture: A Bibliography (PDF)
Source: Victoria Transport Policy Institute

This paper summarizes the findings of more than 100 studies concerning the impacts transit service has on nearby property values, and the feasibility of capturing a portion of the incremental value to finance transit improvements. The results indicate that proximity to transit often increases property values enough to offset some or all of transit system capital costs.

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