Effective Monday, March 16, 2020 and until further notice, Econsult Solutions is having staff members work from home. This form of “social distancing” has been implemented with the safety of our staff and the community at large in mind. We have instituted all necessary remote-working features and remain open for business, hard at work on current engagements and eager to hear how we can support your needs.
These are extraordinary times. The global pandemic has reached every aspect of every life in every corner of the world. More than ever, ESI stands ready to apply economics, strategy, and insight to help you move forward. Be on the lookout for additional content on our blog, Present Value. Together we will emerge stronger and wiser.
In 2018, ESI was retained by Montgomery County, Maryland Department of Transportation (MCDOT) to evaluate how the proposed MD355 BRT line would add value to the properties around the stations and impact future economic development. The MD355 BRT is part of the Countywide Transit Corridors Functional Master Plan and falls between Bethesda and Clarksburg, MD.
Using Montgomery County data, ESI determined the market value premium of a new BRT route along MD 355, which included:
Using the information discovered, ESI determined that the implementation of the BRT will increase the optimal Floor Area Ratio (FAR), and raise the demand side factors. This would result in a slightly higher growth rate. ESI also provided recommendations for next steps.