Washington-area transit costs rising faster than ridership

Local transit companies in the Washington area are serving more riders, but the cost to run the services is rising. For example, the cost of running Metro has grown by at least 28% over a four-year period,  more than five times faster than ridership grew during that time.

Access to reliable, affordable transit options is important to homeowners who commute within the metropolitan Washington area. Even homeowners who do not use the services themselves can benefit. The availability of public transportation can boost the attractiveness -- and sale price -- of nearby homes.

Read more in The Washington Examiner....

Posted on Thursday, July 8, 2010 - 9:24pm