Economist Says LRT Cost Not Justifiable?
- $257,700,000 – Debt Service
- +$405,100,000 – Support to other agencies and administration
- +$306,700,000 – ‘Special financing’ and earmarks
- =$969,500,000 - Does NOT include Road Construction OR Maintenance.
- $656,800,000 – Construction
- +$1,698,000,000 – Maintenance
- =$2,354,800,000 - Maintenance and Construction
So your $900 million in gas tax pays for administrative costs. That means that VDOT needs a 70% subsidy over what gas tax covers. Sure that sounds a little bit better than the 80% subsidy that HRT pulls in, but think about this: HRT’s 80% subsidy equals roughly $60 million while VDOT’s 70% subsidy equals $3.3 billion. Also, VDOT is not the only maintainer of roadways. Each city in Hampton Roads pays for some of their roads and the feds kick in the rest. I would venture to guess that the subsidies’ true cost are nearly equal. Let’s move on. Once you get past the negative aspects of the Pilot’s article, you get to this:
Two scenarios could change the cost/benefit ratio: if gas prices rise enough to move commuters from their cars to light rail; and if the rail is expanded to reach more people.
So here is this economist, the same one who just said that the cost was not justifiable, saying that if the system were expanded or if more people used it, the cost would be easier to swallow. OK. As an economist, I am sure that he would agree that the first part should include all commuter costs, not just fuel cost. Right? If the total cost of operating a motor vehicle increases, then people will start to move from cars to transit. As part of the State of the Region article, the Pilot wrote:
Long standing transportation problems also make the region less attractive to businesses and the military, Koch said. [...] Road improvements, he said, will demand higher gas tax and steep tolls.
As part of his predictions of the future, he acknowledges that the cost of commuting will be higher in the future if we want to fix our transportations shortcomings. Since our transportation problems are a direct result of our region’s lack of planning and cooperation, I would also assume that he would agree that we need to start today if we want to have any chance of improving our outlook. That would be where light rail comes in. We have to built a regional mass transit system because, in the long run, it will be more effective than building roads. If you had asked me 20 years ago (or asked someone else, since I was 3 year old twenty years ago) I would have agreed that roadways were more effective. Gas was cheap. Road construction was (relatively) cheap. Now, however, we can see that there is an end to that. There will be no more cheap gas. It is on an uphill trend. The second game-changing scenario was that the cost would be more acceptable if it were expanded to reach more people. Is that not in the works? We could never afford to build a multi-billion-dollar system all at once. It has to be built in stages. In the end, despite the Pilot’s attempt at more anti-light rail news, I think that, when read into, it is actually quite positive. The Pilot itself wrote that this economist said that if there were more people and higher commuter costs, than light rail would be more cost efficient. Since we should all be able to agree that those two scenarios are approaching, then we should also agree that, while expensive at first, light rial will be more cost-effective than roads as we enter the future.
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about 1 year ago
i always say, if u don’t have a better solution, then shut ur mouth and sit down (VP) also, are u gonna do an entry about the recent meeting they had in Norfolk about the conventional speed rail? that’s another issue that there’s a lot of haters (lol, that’s what i call them anyway) but i find it interesting (referring to the conventional speed rail meeting) that when individuals make these comments, they always say “we” and “us”. but in truth, not everybody in that room is thinking like “YOU”. my other complaint is just cuz ur retired and don’t have to take the interstate doesn’t mean that everybody can do the same as u, duh? this goes along with ur other entry about the future of HR. all this place would be is a giant retirement community if something isn’t done.
about 1 year ago
absolutely agree. I actually probably will not get a post on that passenger rail meeting, since I had to work and was unable to go to the meeting
if somebody else who attended wants to write a thought out post about it, I’m game to post it.
about 1 year ago
hopefully, my write-up on both of Dr. Koch’s public appearances covers a bit more than the papers: http://www.facebook.com/note.php?note_id=286963299963&id=101501718224
and here’s the post HRTPO wrote: http://www.hrtpo.org/chronicle/post/Over-200-atten-Virginia-Department-of-Rail-and-Public-Transportation-(DRPT)-Southeast-High-Speed-Rail-Corridor-Public-Information-Meeting-in-Norfolk.aspx