Similar Stories to Facing A $40 Billion Shortfall, U.s. Transit Agencies Jump Into Real Estate on Bing News

Ridership is down 79% nationally compared to pre-pandemic rates. So transit agencies in Silicon Valley, Atlanta, and beyond are getting creative. The pandemic has been devastating for public transit. According to the American Public Transportation Association, transit ridership in 2020 was down 79% nationally compared to pre-pandemic rates. And though no public transit agencies in the United States get all their revenue from ridership alone, the shortfall of riders is putting many transit agencies in a bind.

BING NEWS:
  • NJ Transit study targets $600M in budget cuts, expansion and reform
    A $6.7M feasibility study of NJ Transit would look at cuts, ways to expand service and deliver some early "quick wins" to reform the agency.
    04/19/2024 - 12:01 am | View Link
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