Tuesday, September 1, 2009

Whatever it Takes to Reduce Traffic

I am glad someone (a.k.a. The Reason Foundation) found the money to fund this study, which finds traffic congestion is costing bay area businesses and local governments billions of dolllars in lost productivity and potential economic activity.

The SF Examiner article puts it like this:

If around $29 billion (in 2005 dollars) were spent adding lane capacity in the next 20 years, the resulting drop in traffic congestion could bring Bay Area businesses annual productivity gains of around $10 billion, according to the study. The improvements could also bring local governments an extra $750 million in tax revenue from the increased economic activity. 

For me, some questions still remain: will the Bay Bridge closure during Labor Day weekend, increase or decrease traffic?

Will it cost us, or make us money in the long run?  

...and most importantly, will the mass exodus to Burning Man offset any losses?  

I guess only time will tell...maybe The Reason Foundation can fund a study about that next!

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