The cost of park and ride

From Minneapolis / St. Paul Business Journal: Metro Transit cuts two park and rides

One was a 288-stall lot, from the article "Metro Transit, a metropolitan-wide government agency, expects to save $17,000 in plowing and $16,000 in lighting expense for the surface lot per year, Gibbons said." So $33,000 per 288 spaces, assuming all were occupied, amounts to a subsidy of $114.58 per parked car per year. (Divide by load factor for the actual subsidy which is higher), or at least $0.45 per day per car. This adds to the cross-subsidy from people who walk-to-transit to people who drive-to-transit. Given transit fares are $2.25 (local) in rush (or $4.50 per day round trip), this is at least 10% of total trip fares.

David Levinson

Network Reliability in Practice

Evolving Transportation Networks

Place and Plexus

The Transportation Experience

Access to Destinations

Assessing the Benefits and Costs of Intelligent Transportation Systems

Financing Transportation Networks

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This page contains a single entry by David Levinson published on December 24, 2008 1:30 PM.

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