2017-07-24-minutes-public-works-study-session

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In further analyzing the economic impact of the project totality {5250,000 est.}, An economic development analysis prepared in 2013 for the Transportation Regional Board. The study, prepared by Timothy J. Gates Ph.D., P.£., P.T.O,E., et all, both quantitatively and gualititativcly analyzed the economic benefit of public rest areas (restroom facilities) along limited access highways and state routes_ The study found that " Public rest rooms along limited access freeways and h ighways (of which first Street SR 903 is one) allow access to an essential public facility. Furthermore the study created an economic methodology to examine a "broad range of benefits associated with public restrooms" including; travel diversion benefits, comfort and convenience benefits, and increased tourism spending. The Study determined a cost benefit ration of between 1.24 to 5.89 with an average of 3.36 for each dollar invested. Similar facilities with a immediate tourist /activity locus ranged from 1.10 to 7.02 with An average of 4.0. As an interesting note the study also analyzed the cost savings to communities by vehicle crash/accident avoidance by having drivers who have access to urban rest/restroom facilities versus those who don't, but that economic date is excluded from consideration in our monetary analysis. Using the studies traveler center average calculation of 4.0, the investment can result in a 1 -million dollar mtum on the life of the project by new tourism/economic development activity created. According to local business surveyed between 30 and 50 percent of their costs are labor_ 30% to 404Y, or $300k to S400K, would result in IC jobs over the project life. 1, Transportation Regional Board Annual Meeting (2013). Economic Assessment of Public Rest and Traveler information Centers on Limfted Access Freeways. Timothy J. Gates, Ph.D., P.E., P.T.O.E., Peter T. 5avolanien, Ph.D., P.E., japan K. Datta, Ph, D., P.E., Ryan G. Todd.