Transit as Economic Development
In recent decades urban transportation policies have migrated out from forgotten corners within department of public works buildings to hip and flashy places where hot-button issues like bike-sharing, car-sharing, complete streets, and transportation equity are addressed. This article tracks why transportation has become a front and center matter for mayors across the country and why transportation is seen now as a key economic development tool. Urban congestion in Manhattan (source: Best Practices for NYC) In economic terms, cities are agglomerations that provide economic benefits that make it more beneficial to locate businesses there than elsewhere. Such beneficial agglomerations also tend to produce "productive inefficiencies", —things like air pollution, parking cost, and congestion. These inefficiencies begin to limit or even reduce the agglomeration benefits. Vehicle-based mobility in a growing agglomeration initially increases as more jobs and amenities locate in an a...