Reducing traffic congestion can have big economic benefits for communities, according to a new study from the Reason Foundation.
Billions of dollars worth of productivity and economic output can be gained through infrastructural and policy changes that reduce congestion, according to the study.
"Most major cities will find that wise infrastructure investments that eliminate gridlock and produce free-flowing road conditions will more than pay for themselves by boosting the region's economy, and thus tax revenues. The study shows that reducing congestion and increasing travel speeds enough to improve access by 10 percent to key employment, retail, education and population centers increases regional production of goods and services by 1 percent. While seemingly small in percentage terms, this leads to tens of billions of dollars for a region's employers and workers due to productivity and efficiency benefits."
FULL STORY: Gridlock and Growth: The Effect of Traffic Congestion on Regional Economic Performance
Conservatives’ Decongestion Pricing Flip-Flop
When it comes to solving traffic problems, the current federal administration is on track for failure, waste, and hypocrisy.
Why Traffic Never Gets Better
Despite abundant research showing that roadway expansions provide limited congestion relief and increase long-term traffic problems, they still occur due to wishful thinking: advocates claim that “this” project is different.
A Serious Critique of Congestion Costs and Induced Vehicle Travel Impacts
Some highway advocates continue to claim that roadway expansions are justified to reduce traffic congestion. That's not what the research shows. It's time to stop obsessing over congestion and instead strive for efficient accessibility.
Florida Considers Legalizing ADUs
Current state law allows — but doesn’t require — cities to permit accessory dwelling units in single-family residential neighborhoods.
Manufactured Crisis: Losing the Nation’s Largest Source of Unsubsidized Affordable Housing
Manufactured housing communities have long been an affordable housing option for millions of people living in the U.S., but that affordability is disappearing rapidly. How did we get here?
HUD Announces Plan to Build Housing on Public Lands
The agency will identify federally owned parcels appropriate for housing development and streamline the regulatory process to lease or transfer land to housing authorities and nonprofit developers.
EPA Terminates $116 Million in Grants for Reducing Emissions from Construction Materials
C-MORE grants were earmarked for industry trade groups and universities.
BART Closes $35 Million Deficit
Cost control and revenue generation measures prevented service cuts.
The New Parisian Hearse is a Bicycle
Sleek, silent, and sustainable, a green trip to the graveyard has hit the streets of the French capital.
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