Recently we attended a session on the Greater MSP transit system. We found the session to be informative and helpful. Here are some quick facts about the Greater MSP transit system. They serve as reminders that our investment in transit, as taxpayers, is helping people gain access to jobs and education.
The Metropolitan Council that regulates bus and light rail transit for the area, recorded over 100 million trips last year. One bus is the equivalent of 40 cars. One 3-car LRT train is the equivalent of 600 cars. At rush hour, buses will transport the equivalent of 1.5 lanes of traffic. 80% of riders are going to work or school and 40% of downtown St. Paul and Minneapolis workers use transit.
As a commercial real estate advisory firm that completes many tenant and buyer representation assignments, we like the access to jobs provided to employees of all wage rates. We feel this need for public transportation will continue to be important as labor becomes more scarce and the cost to own a vehicle continues to soar.