The state-controlled Metropolitan Transportation Authority has a lot of problems — and will need a Joe Biden bailout. But the MTA does control a big part of its own fate: fare and toll increases. Y…
I find it facinating to read the data that shows the increase in ridership in NYC from 1998-2003 due to the increased "extra" rides created by the monthly metrocard. What are big cities going to do when there are unlikely to be the ridership where once was for downtowns for at least the foreseeable future?
If companies aren't looking to grow in downtowns (which currently is very clear, but is less clear once we get a handle on the pandemic), how do you invest in public transportation effectively? The NYC subway works because it has such high ridership numbers. With a HUGE decrease in ridership, and a lack of dedicated need to ride in the future, how do you fill the monumental funding gap?
Obviously funding these large scale mass transit projects will continue to be a challenge until people decide to invest in downtown office again. I think it will be a long time though between now and when downtown office comes back like it was. Why pay the rent, deal with the hassle, etc. when you can have your team work from home and be just as productive? Thoughts?