Problem
Discuss potential data sources and methods for estimating each of the costs, benefits, and disbenefits identified in Problem 16-9 for the congested intersection.
Problem 16-9
Improvements at a congested intersection require that the government acquire the properties on the four corners: two gas stations, a church, and a bank. Construction will take a year, and the costs will be shared 70% by the state and 30% by the city. Traffic through the intersection is mainly commuters, local residents, and deliveriesto and bylocalbusinesses.Thereis some through traffic from other parts of the metropolitan area. Identify the benefits, disbenefits, and costs that must be considered in evaluating this project. From the city's viewpoint, which must be included? From the state's viewpoint? What viewpoint should be used to evaluate this project?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.