A tool for assessing the economic impact of spending on public transit : [summary].
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2013
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By Chu, Xuehao
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NTL Classification:NTL-ECONOMICS AND FINANCE-ECONOMICS AND FINANCE;NTL-PLANNING AND POLICY-Transit Planning and Policy;NTL-PUBLIC TRANSPORTATION-PUBLIC TRANSPORTATION;
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Abstract:Good public transit systems are important
community amenities because they increase
the mobility options for residents at all income
levels and abilities, they reduce congestion on
roadways and in parking facilities, and they help
to reduce pollution and greenhouse gas emission.
However, public transit requires a significant
investment for establishment, operation, and
maintenance. Part of this investment is offset by
fares, but substantial contributions are required
from government at all levels. These costs are
often justified by the economic benefit transit
brings, for which, agencies and other stakeholders
frequently need current, objective, and
community-specific information.
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