i-422 - the economic impact

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The case for finishing the I-422 loop around Birmingham, Alabama, by completing the northern beltline

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I-422: The Economic Impact : 

I-422: The Economic Impact Dr. Samuel Addy Center for Business and Economic Research Culverhouse College of Commerce and Business Administration The University of Alabama The Birmingham Business Alliance and The Coalition for Regional Transportation present The Harbert Center, Birmingham, Alabama June 28, 2010

The Northern Beltline: Future I-422 : 

The Northern Beltline: Future I-422 52.5 miles at $3.044 billion $1.122 billion for 34,516 Alabama jobs during 21-year construction Purpose: Provide additional highway for growth Improve travel safety and travel times Improve in-area and through traffic flows Will also improve air quality and provide lots of economic benefits

Construction Phase Economic Impacts : 

Construction Phase Economic Impacts Note: The Regional Input-Output software, RIMS II, developed by the U.S. Bureau of Economic Analysis is used to estimate the impacts. (All dollar amounts are in millions)

Future I-422: Lots of Development Potential : 

Future I-422: Lots of Development Potential Low population density in area is development asset

Post-Build Annual Economic Impacts : 

Post-Build Annual Economic Impacts Note: The Regional Input-Output software, RIMS II, developed by the U.S. Bureau of Economic Analysis is used to estimate the impacts. (All dollar amounts are in millions)

In Conclusion, the Future I-422 : 

In Conclusion, the Future I-422 Will pay back in-state match 9 years after completion Will improve travel safety, travel times, traffic flow, air quality and provide new economic development opportunities Can lower area poverty rate by providing higher paying jobs to, while not adversely affecting, minority and lower income groups Will have more economic impacts than the estimates presented Making the most of the benefits that the highway presents will require good leadership and planning (including especially, mixed-use and mixed-density development) Thank you

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