Paper Details

TRB 91st Annual Meeting (January 22-26, 2012)

Event Number:	352
Event Title:	Issues in Transportation Economics: Marginal Cost of Travel, Value of Time, Value of Reliability, Vehicle Miles Traveled, and Economic Activity
Event Date:	Jan 23 2012 2:00PM- 3:45PM
Event Location:	Hilton, International Center
Event Description:
Event Agenda:

Effects of Impact Fees in Urban Form and Congestion in Florida (12-2601)

This study analyses the effect of impact fees in urban form and congestion through econometric analysis. The results show that there is some evidence that impact fees might reduce congestion by desincentivizing total development and job creation. However, direct evidence of a negative effect of impact fees in development and job growth was not found. There is no evidence that the difference of impact fees between central cities and outer areas promotes a more compact urban form. Likewise, there is no evidence that more road impact fees decrease congestion through more investment in infrastructure. This might be because impact fees usually finance local roads but congestion is concentrated in freeways and arterials or because there is a spatial, temporal or financial mismatch between the collection and investment of impact fees. There is a clear, significant and substantial positive relationship between compact urban form and congestion indicating a potential increase in trip frequency and a weak transit use in more compact environments. Finally, changes in congestion are negatively correlated with the congestion levels at the beginning of the period suggesting that congestion is increasing faster in those areas that used to be less congested.

Authors
     Blanco, Andres G., University of Florida
     Steiner, Ruth L., University of Florida
     Kim, Jeongseob , University of Florida
     Chung, Hyungchul , University of Florida