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Search resuls for: "American Public Transportation Association"


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Here's why public transit keeps running out of money
  + stars: | 2023-07-25 | by ( Juhohn Lee | ) www.cnbc.com   time to read: +2 min
Public transit is a vital force for the American economy. The American Public Transportation Association estimates that 87% of trips directly benefit the local economy, with $1 invested in public transit believed to generate $5 in economic returns. But the state of public transit in the U.S. is declining rapidly as transit across the nation faces a fiscal crisis. "If a transit system doesn't have enough money, we can limit the hour of services and the frequency of service," said Norton. Watch the video to learn more about public transit in the U.S. and why it is in decline despite its economic benefits.
Persons: Peter Norton, Nicholas Dagen Bloom, Norton, it's Organizations: American Public Transportation Association, SEPTA, Chicago's, LA Metro, University of Virginia, Hunter College, University of Minnesota Locations: U.S, Los Angeles
Ever since the coronavirus pandemic decimated subway ridership in New York City, the Metropolitan Transportation Authority has resisted raising the price of a ride out of fear that even more people would abandon mass transit. But after years of financial uncertainty, the authority now intends to balance its budget, and to do so, it wants to raise the base fare for subway and bus trips for the first time in eight years, to $2.90 from $2.75 by late August. On Wednesday, the M.T.A.’s board is widely expected to vote to approve the proposed fare increase. The decision will almost certainly reverberate across the United States, where transit systems of every size have experienced steep and lingering losses as many white-collar commuters continue to work from home at least part of the time. A May 2023 survey by the American Public Transportation Association found that larger cities have been hit especially hard — 71 percent of transit agencies with budgets greater than $200 million are predicting shortfalls in their operating budgets.
Organizations: Metropolitan Transportation Authority, American Public Transportation Association Locations: New York City, United States
Taylor Swift is an unlikely public transit icon
  + stars: | 2023-06-22 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +5 min
New York CNN —Taylor Swift, public transit savior? Public transit systems across the United States are getting a much-needed, if temporary, boost from Taylor Swift fans flooding trains, buses and subways to her sold-out Eras Tour. As transit agencies scramble to recover from the pandemic, transit experts say all those Swifies taking mass transit offer lessons for policymakers on how to adapt to the post-pandemic world. Philadelphia’s SEPTA system and New Jersey Transit also got a boost from concertgoers taking mass transit to Swift shows. But public transit agencies still have yet to fully recover from the impact of the pandemic.
Persons: New York CNN — Taylor Swift, Taylor Swift, Taylor Swift’s, Swift, Raymond James, Matthew Dickens, Taylor, , Jim Aloisi, Aloisi, Yanfeng Ouyang Organizations: New, New York CNN, Chicago Transit Authority, CTA, Soldier, Metropolitan Atlanta Rapid Transit Authority, Mercedes, Benz, SEPTA, New Jersey Transit, Swift, American Public Transportation Association, Public, MIT, Transportation, University of Illinois Locations: New York, United States, New Jersey, Pittsburgh , Minneapolis, Denver, Seattle, Santa Clara, Los Angeles, Philadelphia, Massachusetts, University of Illinois Urbana, Champaign
Officials say an $11 billion public-transit plan could make Austin safer, greener, and more affordable. Austinites voted to approve Project Connect in 2020 when its total price tag was $7.1 billion. However, nearly 50% of the riders of MetroRail — the city's current rail system — earn more than $60,000 a year. Public-transit advocates say the plan is worth the costSupporters of Project Connect are open to lowering its price tag. But on a larger scale, Project Connect supporters say that public transportation provides better access to healthcare, education, employment, and affordable housing.
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