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

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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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