“The public transportation market is forecasted to grow by $90.07 bn during 2022-2027,” says a new report from someone called Infiniti Research. That represents an annual growth rate of 5.84 percent per year.

For a mere $2,500 ($4,000 for the “enterprise” version), you can read this fairy tale about how the transit market is going to grow once we install multi-billion-dollar hyperloops in every city.

“The development of hyperloop transportation systems [is] one of the prime reasons driving the public transportation market growth during the next few years,” claims the report, putting it in the world of pure fantasy land. Actually, 5.84 percent annual growth seems pretty modest considering how diminished the transit industry is today: at that rate, it would take 8 years to fully recover to pre-pandemic levels. At the same time, unless most employers force employees to stop working at home, even 5.84 percent seems unlikely. Continue reading →

David Zipper, who has a master’s degree in urban planning, writes on Vox about how transit agencies need to save themselves from a fiscal cliff. To do so, he says, they must “secure new and reliable revenue streams from state and regional sources.” To convince skeptical members of the public they need to provide those revenue streams out of their taxes, agencies need to “demonstrate an ability to replace car trips, not just serve economically disadvantaged people,” because only by replacing car trips can they prove they are “curtailing congestion, reducing auto emissions, and boosting economic growth.”

BART’s plea for more subsidies falsely claims that “BART was self-sufficient before the pandemic” when its own data show that fares covered only 71 percent of operating costs and zero percent of capital costs.

Yet Zipper never really says why we need to save transit. He claims that transit has been “indispensable” for major metros, but what he really means is that it is indispensable for major downtowns such as Chicago, Philadelphia, and San Francisco. In reality, the only metro area for which transit is truly indispensable is New York, and if it is so indispensable there, then New Yorkers should be the ones to pay for it. Continue reading →

Earlier this month, the Federal Transit Administration published its annual report on funding recommendations for transit capital improvement grants. Each year, I review the accompanying list of projects being planned or under construction to see how much construction costs have grown since the previous year. This year, however, transit agencies seem to have learned a lesson from the pandemic and have curtailed their wild spending on pointless projects.

Sound Transit is building light rail on what was once freeway lanes across Lake Washington. Photo by Sound Transit.

Just kidding. In fact, they are spending more than ever. In the 1990s, light-rail lines that cost $50 million a mile ($100 million in today’s dollars) were considered extravagantly expensive. A decade ago, the average light-rail line cost about $125 million a mile ($160 million in today’s dollars). Last year, average light-rail construction costs had risen to $278 million a mile (about $310 million today). Continue reading →