Thursday, January 29, 2015

You benefit from #publictransit even if you do not ride it yourself

Laredo Morning Times: "• If you are a homeowner, public transportation in a community could spell financial security during times of economic uncertainty. Residential property values performed 42 percent better on average during the last recession if they were located near public transportation with high-frequency service, according to a report by the National Association of Realtors and APTA.
• Seventy percent of millennials prefer a city or town that features a multimodal transportation option that includes public transportation. By investing in public transportation infrastructure, a community increases the likelihood of attracting new talent and industry to the area, especially as public transportation systems adopt technologies like smartphone charging stations on vehicles and facilities and fare collection via smartphone.
• Public transportation is a 61 billion dollar a year industry that puts people to work – 1.1 million jobs are created or sustained annually. As such, public transportation advocates say that by supporting measures that improve these systems, local residents will be doing their community a favor."

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