Re:Evaluating State and Local Business Tax Incentives [pdf]
by enobrev on Tuesday January 07, 2020 @02:40PM
(#21983874)
Seattle's roads were most definitely not built for the amount of traffic they see. I remember watching from my porch as cars spent an hour inching their way through the mile to the 99 when I was living in Lower Queen Anne. This was five years ago. I went back recently and things were far worse.
Re:Evaluating State and Local Business Tax Incentives [pdf]
by beerandt on Tuesday January 07, 2020 @02:27PM
(#21983693)
Because, as traffic and transportation research is starting to show, traffic is supply-side (capacity) dominated, given time to reach equilibrium in a growing region.
It's a great example of a market with a fixed price (excluding some newer ppp toll schemes) and highly variable demand. (And where costs besides the direct price that end up controlling.)
Re:Evaluating State and Local Business Tax Incentives [pdf]
by mikepurvis on Tuesday January 07, 2020 @02:41PM
(#21983887)
> starting to show
I mean, it's good that it's finally hitting the mainstream, but induced demand has been a recognized phenomenon for literally decades:
https://en.wikipedia.org/wiki/Induced_demand#History
The reverse of this is what justifies a lot of ped/cycle infrastructure projects even in areas where there don't currently seem to be a lot of people out walking or on foot— "build it and they will come".
Re:Evaluating State and Local Business Tax Incentives [pdf]
by beerandt on Thursday January 09, 2020 @07:26PM
(#22007349)
That's true, but having GPS and being able to do studies that are based on actually tracking vehicles has been a game changer (instead of just point traffic counts or driver questionnaires).
It means a lot of my city (Seattle) is off limits unless I'm really "going out" and not just going out for a bite or whatever.