Thursday, October 13, 2011

The Business Case for Public Transit

Chris and I have blogged a fair bit about transportation issues through Enviro Boys. However, rarely have we discussed the business case for public transit and the multiplier effect it creates such as benefits for individual businesses, attracting creative and talented people to a city, moving millions of people everyday and really being the lifeblood of a vibrant and economically productive city.

My friend, Lewis Kelly, wrote a brilliant article for Alberta Venture on making the business case for public transit. His article is mostly focused on the new Light Rail Transit lines in Calgary and Edmonton. Here is an excerpt from his article:

"Regardless of their fiscal efficiency, rail lines tend to get built because of their political expediency – and the reasons for that are the same reasons that make building new train lines do wonders for business. People like riding trains and living in cities with extended rail networks. There’s an expectation among prospective employees that any world-class city will offer a certain level of cultural sophistication, diversity and a well-run rail network. “It really comes down to incubating and becoming a draw for talent,” says Brunnen at the Calgary chamber. “When we invest in these major public-transit infrastructure projects, we become more desirable for new investment – because we become more desirable as an international destination of talent.”

He also quotes two professors I think highly of, Professor Eric Miller at U of T and Professor Murtaza Haider at Ryerson U.

I think planners, environmentalists and other transit advocates should spend more time discussing the economic and business benefits of transit. After all, when glancing at the numbers, it is clear that investments in public transit can yield benefits far superior to simply investing in roads and highways. Ultimately, transit systems improve mobility and accessibility for our cities which in turn, create environmental and social benefits. And when transit is clearly linked to economic productivity (and being good for individual businesses) it is hard to argue against it. The more advocacy from different sectors and groups in society, the better!

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