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The Bottom Line on Transit Funding

momapspendingimageHow and where we invest in Missouri’s transportation infrastructure has a major impact on growth and development patterns in the State.  In particular, investments in public transit in mature communities leads to urban revitalization and redevelopment — as is occurring in Kansas City along the recently-opened Streetcar alignment.  More than $1.7 billion in development has gone up within a one-half mile corridor of the route.

Without public transit, many Missourians would be without access to employment, educational opportunities, and healthcare services.    Well-resourced, well-operated transit connects communities, provides an excellent return on investment, and helps grow the economy.

The Bottom Line on Transit Funding:

  • casestudypage2Every dollar invested in transit has a $4 impact.  Every $10 million in capital investment in public transit yields $30 million in increased business sales, and every $1 billion invested in public transportation supports and helps create more than 50,000 jobs.
  • Employers are moving (back) to urban areas served by transit to be closer to their workforce, potential recruits, customers and strategic partners. (Smart Growth America – “Core Values”)
  • Statistics show homes located near public transit with higher frequency service are valued 42 percent higher. (National Association of Realtors)
  • Transit drives jobs. Most transit trips are to work (60 percent nationally).
    • There are more than 146,000 jobs within a half mile of the St.  Louis MetroLink system;
    • 75 percent of jobs in major metros are near transit service;
    • Twice as many 20-30-year-olds use public transit regularly to get to work (vs. the older workforce).

  • OATS, the largest rural transit provider in the country right here in Missouri, employs more than 700 Missouri residents while serving more than 32,000 Missourians on a daily basis in 87 counties.
  • The average St. Louis/Kansas City household spends nearly 20 percent of its budget on transportation.   A low income individual spends up to 40 percent of their income on transportation. Transit helps alleviate this significant cost, freeing up money for both basic and choice products and services.
  • Public transit helps solve problems created by automobiles. These problems include traffic and parking congestion, traffic accidents, road and parking infrastructure costs, auto costs to consumers, inadequate mobility for nondrivers, excessive energy consumption and pollution emissions.  (Evaluating public transit benefits and costs – Todd Alexander Littman)

The Bottom Line . . .  Transit needs to be everywhere, for everybody, every day in Missouri.

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