Public Transportation in Chicago region
Study Shows High Economic Return for our Region's Economy from Investing in Transit. Time is Money: The Economic Benefits of Transit Investment (2007)
Our Study Shows High Economic Return for our Region's Economy from Investing in Transit. Using state-of-the-art tools, CM 2020 has studied the RTA's "Moving Beyond Congestion" Strategic Plan to access the economic value that derives to the Chicago region from making those proposed investments.
We were able to determine that spending the money needed to keep trains and buses running at current levels actually would pay a 21 percent return on our investment. For each $1 spent to meet the RTA’s plan, we get back $1.21 in saved jobs, new jobs and time saved for commuters. In this case, we invest n`early $1.7 billion and we get back more than $2 billion. The return is even greater if we, as a region, make the decision to invest more in the region's transit system.
Time is Money: The Economic Benefits of Transit Investment (PDF, 14.3 MB)
To read more from Time is Money, you may click on the title below or you may read our press release on the subject.
Regional Transportation Authority (RTA) Reform and Funding
We have been at the forefront of business-community efforts to reform the RTA and provide funds for convenient and efficient transit. We helped draft the legislation to reform and adequately fund the RTA that passed the General Assembly in January 2007.