In all cases shown below, the benefit-cost ratio exceeds 1, meaning that $1 invested in transit yields more than $1 in economic benefits. Three Chicago-specific studies conducted over the past two decades all show significant benefits to the region if we were to invest in a state of good repair or expand service. Of all the studies we surveyed, the smallest expected return from investing in transit was 21%. This would be considered a hugely successful investment in the private sector.
View this complete post...Posts Tagged ‘MPC’
Transit Means Business
Tuesday, October 30th, 2018Livability Near High-Traffic Streets
Friday, September 2nd, 2016Shortly after the advent of cars, a conflict arose between moving traffic and residential livability. The typical response was to push traffic off residential streets and onto nearby major roads. This line of thinking evolved into a more hierarchical approach to street network design and what are known as arterial roads designed to carry the vast majority of vehicle traffic.
View this complete post...The Road Less Traveled: Exploring Congestion Pricing in Chicagoland
Tuesday, July 20th, 2010ILLINOIS TOLLWAY
METROPOLITAN PLANNING COUNCIL
Across the country, people are tired of wasting time and money, sitting behind the wheel with no real alternatives to driving. Recognizing the severity of the problem, the U.S. Dept. of Transportation’s Federal Highway Administration (FHWA) is funding projects to study the potential of new and innovative strategies to alleviate traffic congestion, improve the environment, and provide better mobility.
Congestion pricing is one of those strategies.
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