Sunday, November 6, 2011

Regions with #transit will flourish economically

Spare change for change | The Chronicle: "over the long term, each $1 billion investment in public transportation added a whopping $3.5 billion to GDP. It’s time that we stop asking blanket questions like “Are taxes too high or too low?” and instead ask “Is this particular expenditure a good use of taxpayer money?” In the case of this public transportation tax, that question can be answered with a resounding yes! Durham’s system is already good, but because of network effects, the more that routes are connected and that service is expanded, the more the existing routes become used—the benefits keep compounding until you reach a point where people find it so convenient that they free themselves from their car entirely."

'via Blog this'

No comments:

Post a Comment