Wednesday, May 26, 2010

Cost of gridlock higher than free transit

...In the end, Komanoff found that every car entering the CBD causes an average of 3.23 person-hours of delays. Multiply that by $39.53—a weighted average of vehicles’ time value within and outside the CBD—and it turns out that the average weekday vehicle journey costs other New Yorkers $128 in lost time. At last, urban planners could say just how big the externalities associated with driving are, knowing that the number was backed up with solid empirical analysis.... Wired Magazine

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