It’s a proven fact: investment in our transportation infrastructure, particularly public transportation, drives growth. It attracts development and increased property values along its corridors. It connects restaurants to diners, landlords to renters, families to local stores and employers to employees. Robust investment in public transportation yields results.
- Increases economic growth.
- Public Transportation has a positive economic impact on communities.
- For every $1 communities invest in public transportation approximately $4 is generated in economic returns.
- For every $10m in operating investment in public transportation yields $32m in increased business sales.
- Residential property value performs 42 percent better on average if they are located near public transportation with high-frequency service.
- Creates sustainable jobs.
- 1 m jobs are created or sustained per year because of public transportation.
- Public transportation saves fuel and reduces congestion.
- Access to bus and rail lines reduces driving by 4,400 miles per household annually.
- Americans living in areas served by public transportation save 865 million hours in travel time and 450 million gallons of fuel annually in congestion reduction alone.
- Without public transportation, congestion costs would have been an additional $21 billion.
- Increases access to health care, social services and recreational venues that all generate local revenue.
- Public transportation provides personal mobility and freedom for people from every walk of life.
- Access to public transportation gives people transportation options to get to work, go to school, visit friends, or go to a doctor’s office.
- Public transportation provides access to job opportunities for millions of Americans.
- Saves Money
- The average household spends 17.5 cents of every dollar on transportation, and 94% of this goes to buying, maintaining, and operating cars, the largest expenditure after housing.
- A household can save more than $10,100 by taking public transportation and living with one less car.