THE ECONOMIC AND FINANCIAL IMPACTS OF BART (BAY AREA RAPID TRANSIT)
The economic impacts of the San Francisco Bay Area Rapid Transit System's (BART) capital and operating expenditures on the Bay area's regional economy are assessed. The hypothesis that rapid transit in the Bay area would have an impact on regional economic development was not supported. Capital expenditures on BART, however, have had a positive short - term impact on the region's economy. The cost of building and equipping BART was about $1.5 billion, of which $1.2 billion was spent in the nine - county Bay area. Including all secondary impacts of this construction, the total increase in goods and services purchased in the region was $3.1 billion between 1964 and 1976. Construction expenditures increased employment opportunity for minorities in the construction trades, but did not necessarily enhance minority job skills. BART's transit expenditures will have a total impact on the regional economy, including all the secondary sales and income generated, of nearly $149 million per year, including an increase of nearly $52 million annually in personal income.
- Also pub. as Department of Housing and Urban Development, Washington, DC. rept. no. HUD-0001647. Prepared by McDonald and Grefe, Inc., San Francisco, CA.
Metropolitan Transportation CommissionAshby Avenue and Domingo Avenue
Berkeley, CA USA 94705
Department of Transportation1200 New Jersey Avenue, SE
Washington, DC USA 20590
Department of Housing and Urban Development451 7th Street, SW
Washington, DC USA 20410
- GREFE, R
- McDonald, A N
- Publication Date: 1979-4
- Pagination: 121 p.
- TRT Terms: Capital expenditures; Construction; Construction projects; Economic development; Economic impacts; Employment; Financial analysis; Income; Rapid transit; Sales; Transportation planning; Urban development; Urban transportation
- Identifier Terms: San Francisco Bay Area Rapid Transit District
- Geographic Terms: California
- Old TRIS Terms: Rapid transit railways
- Subject Areas: Construction; Economics; Environment; Finance; Public Transportation; Railroads; Society;
- Accession Number: 00326475
- Record Type: Publication
- Source Agency: National Technical Information Service
- Report/Paper Numbers: DOT-P-30-79-04 Final Rpt.
- Contract Numbers: DOT-OS-30176
- Files: NTIS, TRIS, USDOT
- Created Date: Feb 6 1982 12:00AM