Public Transit is worth way more to a City than you might Think

In a new paper set for publication in Urban Studies, Chatman and fellow planner Robert Noland of Rutgers University use concrete numbers to make the case that transit produces agglomeration. They report that this hidden economic value of transit could be worth anywhere from $1.5 million to $1.8 billion a year, depending on the size of the city. And the bigger the city, they find, the bigger the agglomeration benefit of expanding transit. Read more.