The Connecticut Department of Transportation requested that the Department of Economic and Community Development perform an economic and fiscal impact analysis of future, hypothetical land development and buildout scenarios for two conceptual Interstate 84/Route 8 interchange “Build” configurations defined in a previous study. The purpose of this economic and fiscal analysis study that used the Connecticut Economic Model developed by REMI was to provide the Department of Transportation and the City of Waterbury with information to help select a preferred configuration concept for further consideration. The first plan modeled was known as Alternative 6 and consisted of improvements to existing local roads in the development area excluding reconstruction of I-84 and Rt. 8. The other two plans consisted of modifications to the two highways and were known as Alternative 7 and Alternative 8. The study then revolved around combining those Alternatives into two configurations (Alternative 6 and Alternative 7, Alternative 6 and Alternative 8) to analyze the economic and fiscal impacts of those redevelopment options.
Connecticut Department of Economic and Community Development – The Economic and Fiscal Impacts of Alternative Buildouts Associated with the Interstate 84/Route 8 Interchange Reconfiguration [full PDF]