Hendricks County Flyer, Avon, IN

Local News

May 16, 2013

Phase one of Indy Connect would deliver 7,000 jobs

INDIANAPOLIS — The first phase of the Indy Connect plan for improved mass transit in Central Indiana would create more than 7,000 jobs paying $1.5 billion to workers in its first 10 years, according to a study commissioned by the Indianapolis Metropolitan Planning Organization.

Of the 7,182 jobs estimated to be created during the project’s development and initial years of operation, 3,809 would be construction-related jobs and 3,373 would be permanent jobs, according to the study conducted by Morris, Lloyd & Associates LLC.

Of the 3,809 construction-related jobs, 1,579 would be direct and 2,230 would be indirect. Of the 3,373 permanent jobs, 2,212 would be direct and 1,261 would be indirect.

“These job impact results are consistent with other studies, showing how transit impacts the economic development of a region,” Anna Tyszkiewicz, executive director of the Indianapolis Metropolitan Planning Organization, said in a press release.

Building and operating the first phase of the Indy Connect plan would pump $3.8 billion into the economy from 2015 to 2025. The majority of that total — $2.3 billion — would be related to permanent operations, while $1.5 billion would be related to construction of the system.

“As exciting as these numbers are, they only consider the impact of the construction and development of the system itself,” Tyszkiewicz said. “These numbers don’t include the impact of neighborhood development and other economic activity that will result from an improved transit system.”

To conduct its study, Morris, Lloyd & Associates considered the impact of the Indy Connect plan on Marion County and the eight surrounding counties. The research complements two other recent studies by the Ball State University Center for Business and Economic Research and HDR Inc. The Ball State study, released in January 2013, found that for every $1 invested for local transit, $3 would be returned to the local economy. HDR’s Benefit Cost Analysis from November 2011 found that Phase One of the Indy Connect plan specifically would have a 11.2 percent internal rate of return (IRR) to the economy with a total benefit cost ratio of 2.0.

For more information on the Indy Connect plan, visit the website at www.indyconnect.org.

1
Text Only
Local News
  • Critics push specious privacy pitch Privacy is on the public mind a lot these days, which would be a good thing if the focus weren’t so pitifully narrow.In the wake of the Supreme Court’s decision allowing closely held companies like Hobby Lobby to decline to cover certain types of con

    July 22, 2014

  • Lawson reaches settlement on investment fraud case Indiana Secretary of State Connie Lawson reached an $80,000 settlement with Norman Forest Germany and E.B. Germany & Sons, LLC for selling unregistered oil rights to two Indianapolis residents. Germany admits to violating the Indiana Uniform Securiti

    July 22, 2014

  • LeBron James bears the weight of Cleveland's championship dreams LeBron James has done it all on a basketball court. He’s a great scorer, rugged defender, proven big-play leader and champion. But that might not be enough in Cleveland, where he’ll also need the powers of Merlin the Magician.In returning to his home

    July 22, 2014

  • No Headline Provided Will you be attending this year’s Brickyard 400?

    July 22, 2014

  • Parking restrictions in place for Speedway The Super Weekend at the Brickyard is coming to Speedway July 24-27 and resdients and visitors alike are reminded on Main Street parking restrictions that the Speedway Police Department will be enforcing.Practice and qualification days are July 24-26

    July 22, 2014

  • Dog food for thought My dog gets fed every day, of course; although often I have to scream at everyone to get the chore accomplished. Sometimes, when I’m home alone, I get tired of screaming and just get up and do it myself.We’ve tried several different types of dog food

    July 22, 2014

  • WSF 7-22 spt brickyard pic-1 A look back at 20 years at the Brickyard On Aug. 6, 1994, the sounds of the Indianapolis Motor Speedway were changed forever, as NASCAR came to town for its inaugural race, the Brickyard 400. On July 27, 2014, the stock cars will return to Indianapolis for the headline event of the Kroger S

    July 22, 2014 1 Photo

  • Obama's 'man-caused' disaster As a defender of the nation’s borders, President Barack Obama is a hell of a pool player.The president enjoyed a game at a bar in Denver with Colorado Gov. John Hickenlooper the other day, without the noir atmosphere of his furtive visits to pool hal

    July 22, 2014

  • Community calendar TODAYHENDRICKS COUNTY WEDDING PROFESSIONAL NETWORKING GROUP — meets 9 a.m. at The Crown Room, 900 E. 56th St., Suite 200, Brownsburg. Open to all wedding professionals and businesses. Light refreshments served. Call 858-2228 for more information.AMER

    July 22, 2014

  • WSF 7-22 news indy reads pic Indianapolis bookstore marks anniversary Indy Reads Books celebrating its second birthday last week.The non-profit bookstore is independent and the only bookstore in downtown Indianapolis.The celebration kicked off with a weekend book signing with Ben Winters, launching the final book in hi

    July 22, 2014 1 Photo

House Ads
Hendricks County Marquee
Email News Sign Up
Facebook
Twitter Updates
Follow us on twitter
Poll

Has the rash of shootings in Indianapolis made you reconsider attending an event or patronizing a business there? Yes, it's out of control No, it's no more dangerous than anywhere else

     View Results
AP Video
Raw: Israel Bombs Multiple Targets in Gaza Veteran Creates Job During High Unemployment Raw: Cargo Craft Undocks From Space Station Widow: Jury Sent Big Tobacco a $23B Message New Orleans Plans to Recycle Cigarette Butts UN Security Council Calls for MH 17 Crash Probe Obama Bestows Medal of Honor on NH Veteran Texas Sending National Guard Troops to Border Hopkins to Pay $190M After Pelvic Exams Taped Foxx Cites Washington 'Circus Mirror' NASA Ceremony Honors Moon Walker Neil Armstrong Obama Voices Concern About Casualties in Mideast Diplomacy Intensifies Amid Mounting Gaza Toll AP Exclusive: American Beaten in Israel Speaks Obama Protects Gay, Transgender Workers Raw: Gaza Rescuers Search Rubble for Survivors Raw: International Team Inspects MH17 Bodies Raw: 25 Family Members Killed in Gaza Airstrike US Teen Beaten in Mideast Talks About Ordeal 'Weird Al' Is Wowed by Album's Success
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Must Read