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According to the JWP Extension TDOT Draft EIS,
"The No-Build Alternative would not be expected to have measurable impacts to the local or regional economies compared to baseline conditions. However, continued increases in traffic congestion on Chapman Highway, and other local roads in the area used as secondary routes to avoid the congested areas, would result in increased travel times, higher operating expenses, and potential increased crash rates in the area, which could affect local commuters and businesses."
Looking at the above TDOT Annual Average Daily Traffic (AADT) counts (source), it doesn't appear there is an appreciable increase in traffic except in the Seymour area. In fact, traffic appears to be down significantly from 1996-1998 highs. And, the extension/bypass would impact Chapman Highway businesses according to the DEIS.
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