Wednesday, June 30, 2004
Federal Reserve: Light Rail More Expensive Than Buying New Cars for Riders
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The Federal Reserve Bank of St. Louis has published an article indicating that it would be less expensive to buy each of the low-income riders of the St. Louis light rail system a new Toyota Prius every five years. Even after such an expenditure, there would be nearly $50 million left over each year. The new Priuses, FRB indicates, would add little to the traffic congestion since light rail ridership is so small in relation to to automobile use.
It should be noted that the St. Louis light rail line could be characterized as one of the the "least-worst" in the nation, carrying more daily riders on a new single line system than anywhere else.
PDF Version: Suitable for Framing
The Federal Reserve Bank of St. Louis has published an article indicating that it would be less expensive to buy each of the low-income riders of the St. Louis light rail system a new Toyota Prius every five years. Even after such an expenditure, there would be nearly $50 million left over each year. The new Priuses, FRB indicates, would add little to the traffic congestion since light rail ridership is so small in relation to to automobile use.
It should be noted that the St. Louis light rail line could be characterized as one of the the "least-worst" in the nation, carrying more daily riders on a new single line system than anywhere else.
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