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What's in it For Me?
Save MONEY. $9,300.
Working families in our metro area spend about 1/3 of their
household budget on transportation. That’s more than
nearly any other region in the country. According to APTA, the American Public Transit Association, as of April 6, 2010, people
who use public transportation can save up to $9,300 per year
when you consider the cost of owning and operating a car.
With more transportation choices available, many families
would not have to own a second or third car. Some may even
be able to not own a car at all!
Traffic RELIEF. $1,000,000,000.
Today, an average commuter in Tampa Bay spends an extra 46
hours per year sitting in traffic. This costs us a total
of $1 billion annually. Even with the current slowdown of
people moving to Florida, Hillsborough County is still growing
and is expecting more than 500,000 new residents by 2035.
With a 47% increase in population and 55% more jobs within
Hillsborough County, the average delay on roadways will triple!
In corridors where 8 new road lanes would be needed to meet
this demand, rail is a cost effective strategy.
More JOBS. 47,500
An efficient transportation system is an economic engine and
a job creator. Not only does transit attract new employers
to our region – building it also creates jobs! According
to APTA, for every billion dollars invested in public transportation,
47,500 jobs are supported, including construction, operations
and maintenance, and secondary jobs from supplies and materials
to feeding the hungry workers. For every dollar that’s
invested in transit, research shows as much as $6 is generated
in economic returns. In the economic times we are facing, that
is a
welcome statistic.
What is the Cost of Commuting?
Commuting Costs
Can Negate Suburban Home Choices
By Shannon Behnken, The Tampa Tribune, 3/24/2010
Enticed by lower prices, many home buyers opt for
long commutes to work, thinking it's worth the drive to the suburbs.
But that's not always the case, according to a report from the
Washington, D.C.-based nonprofit Center
for Neighborhood Technology.
Problem is, according to the study, many are spending more on
transportation than they figured and, consequently, the home
isn't affordable after all.
People in the Tampa-St. Petersburg-Clearwater metro area spend
about $12,000 per household each year on transportation, the
study said. (Those costs include car payments, gas and maintenance.)
That's a whopping $13 billion a year.
"Tampa Bay has attracted people because of its affordable
housing prices," said Scott Bernstein, founder and president
of the nonprofit. "But the fact is people there are spending
a lot on transportation.
Why is this bad?
Tampa Bay households making the area's median salary of $37,406
spend about 33 percent of their income on transportation and
25 percent on housing. Seventeen out of 28 regions studied spend
more of their income on transportation than housing.
The federal department of Housing
and Urban Development recommends
families spend no more than 30 percent of their income on housing.
"People seek locations to meet this goal, but they don't
take into account the cost of transportation," said HUD
deputy secretary Ron Sims.
Using the 30 percent rule of thumb, the study shows, seven out
of 10 U.S. communities, or 69 percent, are considered affordable.
That shrinks to four out of 10, or 39 percent, when both housing
and transportation costs are considered. The nonprofit recommends
families spend no more than 45 percent of their incomes on the
two expenses.
So what should be done?
The nonprofit urges governments to consider offering alternative
means of transportation. Consumers, Bernstein said, should think
about buying a home closer to work and shopping locations.
The nonprofit has also asked real estate agencies to include
average transportation costs in home listings
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