Urban Roadway in America: The Amount, Extent, and Value.

AbstractProblem, research strategy, and findingsTakeaway for practiceWe predicted the amount, share, and value of land dedicated to roadways within and across 316 U.S. primary metropolitan statistical areas. Despite the amount and value of land dedicated to roadways, our study provides the first such estimate across a broad range of metropolitan areas. Our basic approach was to estimate roadway widths using a 10% sample of widths provided by the Highway Performance Monitoring System and apply our estimates to the rest of the roadway system. Multiplying estimated widths by segment length and netting out double counting at intersections provided estimates of land area. We also matched roadway segments and areas to existing land value estimates and satellite-based measures of urbanized land. We found that a little less than a quarter of urbanized land—roughly the size of West Virginia—was dedicated to roadway. This land was worth around $4.1 trillion in 2016 and had an annualized value that was higher than the total variable costs of the trucking sector and the total annual federal, state, and local expenditures on roadways. Conducting a back-of-the-envelope cost–benefit analysis, we found that the country likely has too much land dedicated to urban roads.Federal, state, and local agencies dedicate substantial time, money, and resources to providing roadways. Even with relatively generous assumptions and no external costs from driving, however, we estimated that the average cost of expanding roadways exceeded the benefits by a factor of nearly three when accounting for land value. Policymakers should question policies focused on roadway expansion and consider options to reduce the amount of space dedicated to roadway in favor of more housing, offices, and other land uses. In addition to our findings, we provide a novel data set that academics and policymakers can use to draw their own conclusions about the state of America’s urban roadways. [ABSTRACT FROM AUTHOR]