Transcript Regional Patapsco Greenway Project Plan Potential Economic Impact

Regional Patapsco Greenway Project Plan
Potential Economic Impact
Partnership for Action
Learning in Sustainability (PALS)
Developer: Michael Bickle | Professor: Dr. Kathy Weaver | Client Howard County: Christopher Eatough
1. What is the potential economic
impact if the shared-use pathway
is built?
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Business revenue • Public health
Business growth • Air quality
Tourism
• Congestion
Property values
2. How is the potential economic
impact found?
• Get current economic data along
the proposed shared-use pathway
• Calculate data using Excel
• Make projections based on previous
economic impact studies
3. What is good data & what is bad?
• Full County or zip codes from census?
(no good because no correspondence
with previous impact studies)
• Environmental Systems Research
Institute (ESRI) Business Analyst
Online? (good because specific data)
Projected economic impacts of Patapsco
Greenway
$54,387,787 in increased annual revenue
4. Networking - Howard County Tour
(Success)
Revenue Attributed To Shared-use Pathway
70000000
Businesses within ¼ mile of proposed
Patapsco Greenway (from ESRI Business
Analyst)
• Met Howard County officials
• Gained contacts that lead to data sources
• Lead to State and County research data
Currently $213 million annual revenue
Revenue Attributed to Pathway
68000000
66000000
64000000
62000000
60000000
Revenue Increase
58000000
56000000
54000000
52000000
50000000
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Red Shape files represent where the economic data
was retrieved from along the existing and proposed
shared-use pathway using ESRI
5. Reassessing Scope (Challenge)
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List of requirements vs. time
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Limited data/economic impact studies
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Assess available data and narrow scope
with client
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Gathering as much data as possible worked
Select results from Great Allegheny
Passage Economic Impact Study
25.5% of revenue attributed to
shared-use pathway
6. Scope Reassessment with Client
Business revenue, Business Growth,
Tourism, Public Health, Air quality,
Congestion and Property values
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9 10
Years
Within 9 years of construction, businesses
should experience a 20% yearly increase
in business revenue that is attributed
to the shared-use pathway
7. PICS of Trail
l
(Legend: Specific data Generic data)
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