IMPLICATIONS OF HIGHWAY IMPROVEMENT TO MASS TRANSIT

THE ECONOMIC EFFECT OF THE NEW HIGHWAY PROGRAM ON MASS TRANSPORTATION IS GOING TO BE EXTREME. IN ILLINOIS THERE IS A REQUEST FOR THE STATE LEGISLATURE TO ADD TO THE GASO- LINE TAX TO SUPPORT THE TRANSIT FACILITIES OF CHICAGO. THE AVAILABLITY OF MASS TRANSIT HAS BEEN DECREASED BECAUSE HIGH- WAYS AND TRANSIT ARE UNDER TWO DIFFERENT ECONOMIC SYSTEMS. IT IS EASY TO DETERMINE THE UNIT COSTS OF MOVING PEOPLE BY MASS TRANSIT, AS OPPOSED TO HIGHWAYS. THE PEOPLE IN THE CEN- TRAL BUSINESS DISTRICT IN CHICAGO WANT THEIR PROPERTY VALUES TO BE PRESERVED AND GROW BECAUSE THEY REPRESENT A HEAVY IN- VESTMENT IN UTILITIES AND BUILDINGS. HOWEVER, IF THE HIGH- WAY FACILITIES TO THAT CENTER ARE IMPROVED AND THE NECESSARY PARKING PROGRAM PROVIDED, IT BECOMES IMPOSSIBLE TO MAINTAIN THOSE LAND VALUES IN THAT KIND OF DENSITY.

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Filing Info

  • Accession Number: 00201853
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: Sep 14 1970 12:00AM