DEMONSTRATING THE PROFITABILITY OF LINKING PRIVATE DEVELOPMENT USING THE HORIZONTAL DEVELOPMENT PROCESS (HOP) TO PROVIDE FREE INCREMENTS OF TRANSIT FOR THE PUBLIC.

Award Information
Agency:
Department of Transportation
Branch
n/a
Amount:
$30,000.00
Award Year:
1987
Program:
SBIR
Phase:
Phase I
Contract:
n/a
Award Id:
6891
Agency Tracking Number:
6891
Solicitation Year:
n/a
Solicitation Topic Code:
n/a
Solicitation Number:
n/a
Small Business Information
Box 260 Rd #1, Bolivar, PA, 15923
Hubzone Owned:
N
Minority Owned:
N
Woman Owned:
N
Duns:
n/a
Principal Investigator:
GEORGE W JERNSTEDT
PRESIDENT
() -
Business Contact:
() -
Research Institution:
n/a
Abstract
PRIVATE INVESTMENTS IN TRANSPORTATION CAN BE PROFITABLE. THE HORIZONTAL DEVELOPMENT PROCESS (HDP), EMPLOYING A SPECIALIZED FORM OF PEOPLE-MOVER AS A HORIZONTAL ELEVATOR (H*E), MAXIMIZES THE DEVELOPMENT POTENTIAL, REDUCES THE RISK OF HIGH COSTS OR LOW INVESTMENT RETURN. AN HDP GUIDE WITH INDEPENDENT FINANCIAL APPRAISALS INCLUDING PROFORMA DATA AND PRELIMINARY UTAG (URBAN TRANSPORTATION ACTION GRANTS) LEGISLATION WILL BE PREPARED AS A PHASE I PROJECT. PHASE II SHOULD BE THE DISTRIBUTION OF THE INFORMATION TO CITY PLANNERS, TRANSIT AUTHORITIES, PRIVATE DEVELOPERS; AND THE SELECTION OF A DEMONSTRATION PROJECT IN A MAJOR CITY AND THE DEVELOPMENT OF FINAL RECOMMENDED UTAG LEGISLATION. THIS OVERALL PROJECT CAN RESULT IN A MAJOR REDUCTION IN PUBLIC TRANSIT COSTS AND AN INCREASE IN HOW FAR UMTA FUNDS CAN GO. MOST IMPORTANT, IT WILL INITIATE A NEW METHOD OF INTEGRATING WITH ONE ANOTHER PRIVATE DEVELOPMENTS WHICH SUPPLY PUBLIC TRANSIT UP TO 24 HOURS A DAY WITH NO NEED FOR FARE COLLECTION.

* information listed above is at the time of submission.

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