Benefit/Cost Analysis of Pelican Island Causeway Bridge
Friday, October 19, 2018
2 p.m. - 3:30 p.m. CDT
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Pelican Island is home to hundreds of acres of undeveloped property. Given its strategic location to open seas, potential for future development and current uses, Pelican Island must stay connected to Galveston Island to further achieve the Galveston County Economic Development Department’s mission of “leading and supporting efforts to recruit, retain and expand business and industry in Galveston County [and] to enhance employment opportunities and grow the local tax base.” Pelican Island Causeway Bridge, the only connection, is over 55 years old and is currently exhibiting environmental stress.
Planners have been tasked to evaluate the societal costs and benefits of a no-build and a construct a new bridge scenario. The evaluations process examines the fundamental question of whether the expected benefits of the project justify the cost with the understanding that some benefits and costs are difficult to quantify. The session will present the how the no-build and build scenarios improves safety, state of good repair, economic indicators, quality of life and sustainability throughout the planning horizon (2017-2040). Various technical and planning methodologies and findings, largely dependent on Houston-Galveston Area Council and United States Department of Transportation’s Transportation Improvement Generating Economic Recovery guidance, will be discussed. Participants will also be able to practice some of the methodologies through an interactive learning session.
Session Attendees Will:
1. Learn the importance to completing a Benefit/Cost Analysis for large scale transportation projects.
2. Be provided with an overview of methodologies and tools to complete their own Benefit/Cost Analysis for various uses including grant applications.
3. Gain an understanding of the unique characteristics of Pelican Island and its importance to the Gulf Coast Region.
Barbara Holly, email@example.com