Transportation is a Tool of Economic Development

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From yesterday’s Enquirer:

“(The Brent Spence Bridge) is not a transportation project only,” Mark Policinski, OKI’s executive director, told the Covington Business Council last month. “It’s also an economic development tool.”

Very true. Investing in transportation infrastructure creates economic development.

I wonder if an economic benefit to cost study for the Brent Spence Bridge has been done, and if so, how it compares to the 2.7 to 1 benefit to cost ratio of the Cincinnati Streetcar?

Brent Spence Bridge

7 thoughts on “Transportation is a Tool of Economic Development

    citykin said:
    January 20, 2009 at 1:06 pm

    And I also wonder, who does the bridge/road widening benefit? Does it really help Cincinnati and Newport to have a wider highway or does it mostly assist those who want to pass-through faster? More vehicle exhaust cannot be all that good for the people who live in the West End or Camp Washington.

    Quimbob said:
    January 20, 2009 at 1:15 pm

    The Souvenir History of Cumminsville (1914) refers to roads as “the arteries of commerce”.
    I have heard something about the value of goods that go over the bridge but nothing about local economic impact.

    citykin said:
    January 20, 2009 at 1:16 pm

    The existing bridge is 45 years old and an estimated 60 years left on it usable life?

    3 Billion Dollars is the equivalent of 6 more stadia or 30 Streetcar lines.

    Randy Simes said:
    January 20, 2009 at 9:03 pm

    I’m not sure how replacing an existing piece of infrastructure will spur any significant new investment on its own. The streetcar will be a new piece of dedicated infrastructure – hence its economic impacts. New interchanges and highways also spur investment (sprawl) but they’re new. This is just repairing/replacing something that already exists.

    David Ben said:
    January 20, 2009 at 11:51 pm

    Like Randy, I also was wondering if an existing piece of infrastructure would create economic development. My initial reaction is to think probably not.

    And isn’t the estimated 2.7:1 benefit to cost ratio of the streetcar a bit low? Initial conservative estimates were in the 10-12:1 range based on how well other metropolitan areas utilized similar infrastructure technology. Has that changed in the past year?

    5chw4r7z said:
    January 21, 2009 at 9:55 am

    How can it create economic development when it enables people to avoid stopping within a 50 mile radius of Cincinnati? You can gas up in Mason and shoot through and never stop until Sparta or somewhere south. This bridge is the opposite of economic develpment. Put a huge toll on it so people cut through the city.

    Timur I. said:
    January 27, 2009 at 4:07 pm

    Wow! Thank you!
    I always wanted to write in my blog something like that. Can I take part of your post to my blog?
    Of course, I will add backlink?

    Sincerely, Your Reader

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