Discussion Paper On The Evaluation Of Economic Development
The Federal Transit Administration is considering possible rules to evaluate the potential economic development value of transit projects as part of the New Starts funding process. A discussion paper presenting one possible methor for evaluating econommic development impacts of projects has been added to the Best Practices section.
The approach in this discussion paper does not use modeling or rely on forecasts of economic development. Rather, it assesses key conditions that FTA believes contribute to and facilitate the economic development impacts of transit projects.