28 Dec '13, 4pm

Metro Magazine: "cuts in [public transit] services can have a devastating impact on a community’s property values"

Metro Magazine: "cuts in [public transit] services can have a devastating impact on a community’s property values"

Without this money, which is necessary for critical infrastructure repairs and aging vehicle replacement, SEPTA could be forced to implement a service realignment plan that suspends nine of 13 Regional Rail (commuter) lines and truncates two others over the next 10 years, as well as convert trolleys to bus and reduce subway service levels. The plan would be put into effect beginning next year short of an immediate infusion of additional capital funding to defer the cuts. Lack of financial support for public transportation not only inconveniences millions of riders who rely on buses, trains and trolleys to get to and from work, school and shopping, but cuts in services can have a devastating impact on a community’s property values, too, potentially affecting even non-transit users. “The Impacts of SEPTA Regional Rail Service on Suburban House Prices,” a recent study of the ...

Full article: http://www.metro-magazine.com/blog/transit-dispatches/sto...

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