Each year, the MBTA returns regional economic benefits worth more than five times what we, as a region and commonwealth, spend to operate it. We are benefiting now from investments in public transit begun a century ago, but the levels of growth expected in this region over the next quarter-century cannot be accommodated without bolstering that investment in a strategic and deliberate way.
A new report by AECOM and A Better City, sponsored by the Boston Foundation and the Barr Foundation, finds that investments in Greater Boston’s legacy public transit system remain the best option for the continued growth of the Greater Boston economy. The report, The Transportation Dividend: Transit Investments and the Massachusetts Economy, takes a look at the economic benefits and value of the current Greater Boston transit system, and lays out a three-part proposal for investments in the 20 “inner core” communities and regional transit spokes that can further enhance the Massachusetts economy. After the report presentation, a panel discussion explored some of the key areas of opportunity and biggest challenges to bring the MBTA to a higher standard of service and consistency.
Paul S. Grogan, President & CEO, The Boston Foundation
Luis Manuel Ramirez, General Manager & CEO, MBTA
Toni Horst, PhD, National Practice Leader, Transportation Economics, AECOM
Alden S. Raine, PhD, National Practice Leader, Transit-Oriented Development, AECOM
Jim Canales, President & Trustee, Barr Foundation
Chris Dempsey, Director, Transportation for Massachusetts (T4MA)
Rick Dimino, President & CEO, A Better City
Jarred Johnson, Real Estate Project Manager, Codman Square Neighborhood Development Corporation & Board Member, TransitMatters
Rosabeth Moss Kanter, Arbuckle Professor, Harvard Business School;
Author of Move: Putting America's Infrastructure Back in the Lead
Michelle Wu, City Councilor At-Large, City of Boston