The Nodal Study – Connecting Home to Work
London, New York and many other world cities are recognizing that high speed transit is the backbone of economic development.
As documented in SRRA’s report, “The Nodal Study: What drives business decisions to develop new office buildings?” providing efficient access to the region’s labour force is the number one driver in the newly congested reality of the GTHA. Employers representing a variety of economic sectors confirmed that the single most important issue for employers is gaining cost-effect access to labour markets. Not surprisingly, congestion on the region’s highways and transit system – the difficulty of connecting home to work – constitutes one of the principal areas of concern to residents throughout the region.
We believe that our next major publication should focus on the importance of ensuring that public investment in transit be informed by a deeper understanding of the drivers behind location decisions for both multi-residential development and commercial office buildings.
The Study tackles three distinct but interrelated areas of research:
What criteria are used by transit decision makers to determine transit investment priorities? This research will identify best practices for projecting ridership as part of the Business Case Analysis. Quantifying the revenue in the business case analysis equation determines the benefit of a transit project. The research will be driven by the evidence created from:
- Tools and data used to analyze existing densities
- Models to predict future development
- Policy changes to induce collaborative development decision making.
What are the criteria that drive location decisions to build major residential and commercial real estate projects?
Who are the primary beneficiaries of a transit system that connects home to work, and how much is it worth to them?
- The Region as a whole