Large Real Estate Developments, Spatial Uncertainty, And Integrated Land Use And Transportation Modeling
In the past ten years, integrated land use and transportation modeling has received considerable attention in the scholarly literature. This academic interest is slowly yielding practical applications. Many metropolitan planning organizations (MPOs) and state departments of transportation are beginning to implement these types of models for the first time. While many improvements have been made to these models, and the value of these improvements should not be understated, much work still remains. One of the most challenging problems in land use modeling is how floorspace (buildings) is built and occupied. The purpose of this paper is twofold: first, to draw attention to insufficiencies in the representation of floorspace developer behaviorâ€”particularly as it applies to large, urban-edge projectsâ€”within current integrated land use and transportation models and, second, to determine the necessity of explicitly accounting for such projects within these models. The Sacramento MEPLAN model will be used together with historical development records to demonstrate and test these assertions. Single large developments are modeled with a common year of development, size, and location. Among the findings, large developments are fairly common in the Sacramento region and make up a considerable amount of floorspace development in absolute terms, large basic sector developments have more of an impact and are therefore more important to explicitly account for than are large non-basic sector developments. A single large basic sector development modeled in a 20 year forecast has a significant impact on zonal outputs. Recommendations are put forward regarding the use of this research in practical modeling exercises.
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- Tauchen, Helen & Witte, Ann D., 1984. "Socially optimal and equilibrium distributions of office activity: Models with exogenous and endogenous contacts," Journal of Urban Economics, Elsevier, vol. 15(1), pages 66-86, January.
- Michael J. Clay & Robert A. Johnston, 2005. "Univariate Uncertainty Analysis of an Integrated Land Use and Transportation Model: MEPLAN," Transportation Planning and Technology, Taylor & Francis Journals, vol. 28(3), pages 149-165, March.
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- Erickson, Rodney A. & Wasylenko, Michael, 1980. "Firm relocation and site selection in suburban municipalities," Journal of Urban Economics, Elsevier, vol. 8(1), pages 69-85, July.
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