Travel Benefits BenefitCost Transit Slides

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Travel BenefitsBenefit/Cost Transit Slides
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Travel Benefits

• Are a primary source of benefits
• Include benefits to transit and auto users, and
  trucks too

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Travel Benefits

• Reduced travel times
• Out-of-pocket cost savings (e.g., fares versus
  gas and parking)
• Owning fewer cars
• Reduced accidents

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Increased Ridership

• Our project would increase ltdaily, annualgt
  transit ridership by __. For these new transit
  riders

• Average travel time would decrease from __ to __
• The average cost of a trip (including paid
  parking, the value of time, and operating costs)
  would decrease from __ to __
• The annual value of these cost savings is __

NOTES TO USER Potential sources User Cost
Calculation Worksheets, Annual Direct User
Benefit Worksheets. Delete this box to maintain
slide formatting.
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Our Project Benefits Auto Users Too

• Our project reduces auto trips by __
• The average travel time for autos declines from
  __ to __ (i.e., congestion is reduced)
• The annual value of cost savings to auto users is
  __

NOTES TO USER Potential data sources User Cost
Calculation Worksheets, Annual Direct User
Benefit Worksheets Delete this box to maintain
slide formatting.
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Unrecognized Parking Costs

• Parking is costly (1,500 to 25,000 per space)
• When parking is subsidized, the value of the
  subsidy saved is an additional benefit of
  attracting a new rider to transit
• Our project reduces unrecognized parking costs by
  __ per year

NOTES TO USER Potential data sources Parking
Costs Avoided Worksheet. Delete this box to
maintain slide formatting.
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The Option Value of Transit

• Transit service benefits everyone, not just
  regular transit users
• Auto users benefit from transits availability
  when
• Cars are temporarily unavailable or are being
  repaired
• Drivers lose the ability to operate a car
• Bad weather makes driving particularly hazardous
• Our project provides annual option value of
  ____

NOTES TO USER Potential data sources Option
Value of Transit Worksheet. Delete this box to
maintain slide formatting.