Value of Time: Mis-estimating tolls and traffic – City Observatory

Value of Time: Mis-estimating tolls and traffic – City Observatory

ODOT and WSDOT are over-estimating future traffic on the I-5 bridge because they’re over stated the willingness to pay for travel time savings The result will be an under-utilized, over-built I-5 bridge, and congestion on I-205 Over-estimating the willingness to pay for travel time savings causes IBR to underestimate diversion and negative environmental effects from tolling I-5 Metro’s case for a $7.5 billion Interstate Bridge rests on a critica…