That’s the annual cost of the congestion alone that would result if New York City’s transit system shut down, according to this year’s Urban Mobility Report from the Texas Transportation Institute. Public transit saves 330 million hours in traffic delays to New York’s commuters each year.
Seven billion dollars. You’d think that would be enough of a reason for New York’s state government to fully fund their transit system. Never mind the billions more in added pollution, sprawl, and lost tax revenue from residents and businesses leaving the urban core.