Impact Analysis

We have expertise in determining the development potentials and economic impacts associated with transportation improvements, the net fiscal impact from proposed development projects, and the direct and indirect job generation associated with business/institutional activity, development or transportation projects.

Services

Development Impact of Transportation Projects

We are able to quantify the development potential generated by transportation improvements and provide our clients with associated population and employment forecasts. Our analysis is conducted at the parcel level and synthesizes transportation accessibility benefits, market analysis, community planning efforts and real estate economics to prepare forecasts that simulate actual development decisions made by a developer. We create our own modeling system, or work with sophisticated modeling systems such as REMI or UrbanSIM, to make regional control forecasts or allocate jobs and people to transportation analysis zones.

Fiscal Impact Studies

When conducting fiscal impact studies, a critical issue is whether a particular development is paying its way. It is important to analyze and understand the one-time and on-going revenue flows as well as the operational and capital costs of development from a local government perspective. We account for assessed values, multiple sources of taxes and fees, and state and federal aid formulas to identify revenue flows by individual land use typologies. SB Friedman has expertise in both the average cost and marginal cost techniques in determining the costs of development.

Fiscal Balance

We conduct studies that address the long-term fiscal balance of communities and provide a complete and balanced assessment of the capital and operational costs and revenues due to new development typologies/situations. These could include: various product-mix scenarios; suburban density and layout vs. compact traditional neighborhood design and density; and greenfield fringe vs. infill. Such studies can serve as a decision-making framework for establishing fiscally responsible development policies regarding the future mix of uses, development character and locations for new development within the community.

Economic Impact

We analyze and estimate the economic impacts of a transportation improvement, a new development project, or an existing activity/event by forecasting the direct, indirect and induced changes in employment, output and employee compensation. We use economic impact models such as REMI or IMPLAN to conduct the analyses.