selected transportation economics projects

 

socioeconomic Impact Analysis - corridor analysis

Aroostook County, Maine

socioeconomic Impact Analysis

The goal of the Aroostook County Transportation Study was to identify a corridor that would improve transportation and efficiency within northeastern Aroostook County and that would link the area to other portions of the United States and Canada in order to support regional economic growth. As one member of a large consulting team, RKG analyzed existing demographic and economic conditions, along with property values and sales trends in communities located along the entire improvement corridor (essentially Route 1 from Houlton to Madawaska). The purpose of the analysis was to determine the cost of acquiring properties within the preferred corridor right-of-way.

 

interstate 81 tier 1 environmental impact statement

State of Virginia

Capital One Corporate Expansion

RKG Associates, Inc. was part of a multi-disciplined team of national consultants retained to prepare a Tier 1 EIS for the 325-mile, Interstate 81 corridor in Virginia, from the West Virginia to Tennessee borders.  RKG was primarily responsible for analyzing the socioeconomic, economic impact, and indirect impacts associated with the project.   Under The Public-Private Transportation Act (PPTA) of 1995, the Commonwealth of Virginia was reviewing two private proposals to construct, improve, maintain and operate Interstate 81.  The Tier 1 EIS was a precursor to evaluating the efficacy of privatizing this stretch of highway.

 

 

transit oriented development

Orange, Connecticut

Capital One Corporate Expansion

As part of the New Haven Railroad Line, a station has been proposed for Orange, Connecticut. Potential federal and state funding requires that economic, social and financial (among other impacts) be reviewed. Or, how might the railroad station impact the local community and economy for where it is proposed? Are there spin-off development opportunities? What are operating, maintenance and other financial considerations?

RKG, working in co-operation with Fuss & O’Neill, the lead transportation and engineering consultants, completed an analysis of demographic, economic, real estate and financial impacts that may be associated with the proposed railroad station. Proximity to the interstate and existing land uses in the vicinity of the proposed station, while good for access, limited spin-off development opportunities. The pending completion of a “sister” station in West Haven, Connecticut, also limited estimated ridership levels and subsequent estimated fare and parking revenues. RKG’s analysis and findings have been included as one of many components submitted to the Connecticut Department of Transportation for their review.

 

airport financial analysis

Plainville, Connecticut

Westwood Station

Robertson Field Airport is a busy privately owned general aviation airport with a 3,600 foot airstrip that is home to an active and successful Fixed Base Operator (FBO). The airport is home to 100 based aircraft most of which are used for recreational purposes. The owners of the airport approached the Town with the idea that the Town should purchase the airport and continue operating the facility. RKG identified competitive regional airports and completed a market analysis for airport infrastructure and services (fuel sales, aircraft storage, etc.). Additionally, an economic impact analysis was completed for the facility to understand how the airport supports the local and regional economy. Further, a real estate market study was completed to analyze how the property could be realistically be developed for aviation and non-aviation uses. Finally, a financial model was created to understand realistic revenue and expenditure streams for the airport should the Town acquire the facility. RKG’s research showed that the airport supports businesses outside of the town of Plainville and under conservative assumptions, the facility may generate a modest profit for the Town. The Town received funding approval from the FAA and acquired the airport.

 

airport business plan

Gilmer County, Georgia

Oceana Naval Air Station

The Gilmer County Airport, a general aviation facility located in north-central Georgia, experienced deferred maintenance over the past decade to the point that the facility was non-operational. The County recently rehabilitated the airport and needed a strategy to plan how the airport was to develop and function in the future. RKG analyzed the supply and demand conditions airport infrastructure and services for regional airports competitive to the Gilmer County Airport. As many regionally competitive airports have surplus land and represent industrial park development opportunities for economic development, RKG analyzed regional real estate market conditions throughout northern Georgia to understand how the Gilmer County Airport could position itself within the market. Finally, RKG completed a financial pro-forma, and business plan of recommendations for future development at the airport—for both land and air-side improvements. The project was completed in approximately six months with the plan being used as a decision support tool by the County Board of Commissioners relative to negotiating a lease for a new Fixed Base Operator at the airport, as well as for planning future airport improvements.

 

transit oriented development

Andover, Massachusetts

downtown development financing

The Town of Andover is in the process of relocating its public works facilities and seeks to capitalize on the economic opportunity represented in the adaptive reuse of its existing Town Yard. Andover’s Town Yard and select adjoining parcels represent an approximate 15-acre site adjacent to both the downtown commercial center and the MBTA commuter station. RKG completed a market analysis of demographic and real estate indicators in order to develop options for a mixed-use redevelopment of the Town Yard. The proximity to the MBTA line and Andover’s historic downtown provided a unique competitive positioning for future use of the site. To supplement this research RKG, completed case studies of several other transit oriented downtowns elsewhere in Massachusetts. Based on the research and augmented with a strong public participation process, RKG recommended a phased mixed-use project that included 100 to 250 residential units (with a mix of apartments and owner-occupied units including some at affordable prices); approximately 50,000 SF of retail with an emphasis on casual/fine dining and niche specialty users to compliment the existing retail mix in the downtown; along with up to 55,000 SF of office and medical office space, recognizing that there has been little increase in the supply of smaller medical and certain professional, independent office space that is the mainstay of Andover’s commercial core.

 

silas deane corridor study

Weathersfield, Connecticut

downtown development financing

The Town of Weathersfield needed to update the Master Plan for the Silas Deane Corridor, a major mixed-use arterial connecting Wethersfield and Rocky Hill, which also serves as a primary transportation corridor into downtown Hartford. RKG Associates, as part of a team of engineers and other consultants, completed an assessment of the opportunities for economic development within this corridor, considering existing land uses, prevailing market demand indicators, a need for residential development and input from the two impacted communities. In addition to inventorying land uses within the corridor and identifying emerging demand for other uses, RKG assisted in developing an implementation strategy, noting the likely need for land assemblage, pricing impacts, possible zoning changes and public investments that may be required. Several sites along the corridor were identified as potential redevelopment sites, focusing on improving under-performing parcels, maintaining a sustainable balance of uses with a goal of stimulating additional private sector development and investment. Following the completion of the report and analysis, the communities successfully petitioned the State of Connecticut for a $500,000 grant to assist in funding capital improvement projects.

 

beauregard corridor master plan

Alexandria, Virginia

downtown development financing

The Beauregard Corridor will serve as the site for a 1.7 million square foot Department of Defense office building, commissioned by the BRAC (Base Realignment and Closure) Act. Located at the intersection of Seminary Road and Interstate 395, the new facility (referred to as BRAC 133) will house about 6,500 employees in two office towers totaling 1.7 million square feet of space. The City commissioned a master plan for future redevelopment of the corridor dovetailing with a desire to create a Rapid Bus Transit Corridor between Alexandria and the Pentagon. RKG Associates, Inc., along with a team of national consultants, prepared an assessment of the project’s impact on the Beauregard Corridor, which is experiencing intense interest from developers and land owners as, well as the City of Alexandria. RKG made policy recommendations to the City intended to assist in maintaining a portion of the affordable housing supply within the context of future redevelopment. Finally, RKG also examined the fiscal sustainability of potential future development in the Corridor as it pertains to impact of growth on municipal revenues. The City utilized the results of this effort to negotiate a development strategy with the local residents and property owners. The final plan incorporated several public improvement components negotiated as a result of the financial feasibility efforts, including new public facilities and affordable housing.

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