Due to little available information on regional economic effects of a toll road using toll rate scenarios, this paper was created to explore the economic impacts of a toll road under different scenarios using the REMI model. The report forecasted annual toll transactions and revenue estimations for the 2009-2030 period and measured positive and negative economic impacts of toll revenues on state employment, income, and gross state product using a potential toll plaza in West Virginia. The estimation results indicated that toll rate increases generally led to smaller transactions of vehicles, and higher toll rates resulted in a larger reduction in traffic volume long-term. Analysts also discovered positive net economic impacts for all toll rate scenarios on state employment, income, and gross state product, suggesting that the benefits of the tolling largely overshadow the costs for a region.
Marshall University – Regional Economic Impacts of a Toll Road in West Virginia: A REMI Model Approach [full PDF]