Indianapolis Presentation

Indygo, Indianapolis’ transit agency, offers one of the lowest levels of transit service of any urban area of its size in the Midwest–only Omaha’s is lower. The proposed Indy Connect plan calls for changing this by making a $1.3 billion capital investment and more than tripling Indygo’s operating from about $50 million to $175 million a year. A key feature of the plan is to have communities outside of Marion County–which is the current limit of Indygo’s services–join in a regional transit district.

Proponents say the plan will make Indianapolis more competitive, relieve congestion, and reduce air pollution. Yesterday, I gave a presentation arguing that the plan wouldn’t accomplish any of those goals. Instead, I urged the region and state to save money by contracting out existing transit services; legalizing private transit operations; and encouraging cities outside Marion County to start their own cross-county transit service, which would probably offer better service at a lower cost than a regional transit district could provide.

My presentation can be downloaded as a 16-MB PDF. Feel free to use this shows or any of the shows downloadable by clicking on the new “presentations” link above.


One thought on “Indianapolis Presentation

  1. LazyReader

    Regionalized transit instead of local transit. That just serves the nature of special interest. Interest of the environment, interest of the anti automobile agenda, land use agenda, land preservation agenda, energy agenda, etc. Speaking of energy; the President announced he’s pitching an multi billion dollar energy trust of sorts. “Investing in renewable power and energy technologies”. If it’s anything like his previous energy investments, you may as well set that money on fire right now.

    Just a short list of faltering or bankrupt green-energy companies or being propped up by your money. Evergreen Solar ($25 million), SpectraWatt (500,000), Solyndra ($535 million), Beacon Power ($43 million), Nevada Geothermal ($98.5 million), SunPower (1.2 billion), FirstSolar (1.46 billion), Babcock & Brown (178 million), Ener1 (118 million), Amonix (5.9 million), Fisker Automotive (529 million), Abound Solar (400 million), A123 Systems ($279 million), Johnson Controls ($299 million), Brightsource ($1.6 billion), ECOtality ($126.2 million), Raser Technologies ($33 million), Range Fuels (80 million), LG Chem (500 million). The 2009 stimulus set aside $80 billion to subsidize politically preferred energy projects. Since that time, 1,900 investigations have been opened to look into stimulus waste, fraud, and abuse. and nearly 600 convictions have been made. Of that $80 billion in clean energy loans, grants, and tax credits, at least 10 percent has gone to companies that have since either gone bankrupt or are circling the drain.

    These are recent follies, nothing more than carry overs of a previous President. The federal government has spent hundreds of billions since 1960 on research and the development of advanced energy technologies and infrastructure. Overhyped, overpriced, failed government programs have been around for decades: The Tennessee Valley Authority (which promised to control catastrophic flooding of thousands of acres of land by permanently flooding a million acres of land), Atoms for Peace (The governements reports it will cost $96 billion to dispose of the radioactive waste in Nevada depository, not including reactor decommisioning, federal subsidies, etc), The Carter Administrations SynthFuel program (which cost 60 billion in todays money), Clinch River Breeder Reactor (cancelled over development costs before construction ever began and the fear over proliferation of plutonium), Ethanol ($6 billion in subsidies a year for destroying our food supply), Hydrogen cars, Clean Coal, hybrid cars from the Big Three (There was a huge federal program aimed to produce hybrid cars; Honda and Toyota did not participate, but who put hybrids on the market first).

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