NYC-WTC_000187725

NYC 9/11 Public Portal Document

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TABLE OF CONTENTS

CHAPTER 1. INTRODUCTION 1 Purpose of the Handbook 2 Objectives of Land Value/Transit Access Models. 3

NYREG: Regional Equilibrium Model 4 NYSTA: Station Area Model....... 7

Some Shortcomings of NYREG and NYSTA 8

I Objective of Value Capture Financing 9 A Preface to Transport Impact Studies 11 by Britton Harris The Regional Context . .17

Organization of the Handbook 20

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CHAPTER 2. DESIGN, ALGORITHM, COMPUTATIONAL REQUIREMENTS, AND APPLICATIONS OF NYREG - AN OPERATIONAL EQUILIBRIUM MODEL OF URBAN 1 LAND VALUE AND TRANSIT RELATIONSHIPS 21 How NYREG Relates to Literature and Historical Work 21 What Questions Does NYREG Address 23 Example One: A Station Closing..................... 23 Example Two: An Across-the-Board Travel Cost Increase 25

Data Needs and Outputs of NYREG 25 How NYREG is Designed 28 The Model Formulation 29 Types of Simulations 36 Data Aggregation and Calibration of NYREG's Coefficients 37 Selection of the Solution Algorithm and Calibration Results..46

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