NPR has an interview with AP Reporter Matt Apuzzo who conducted an analysis of the federal government’s investment in road infrastructure projects and its affect on unemployment numbers. The conclusion? Despite the massive investment, it hasn’t made a difference in the overall unemployment rate — or the construction unemployment rate for that matter. Why? Transportation construction, despite it’s underlying importance, is such a small segment of the economy that no matter how much money is poured into it, the short term effect on the overall economy is negligible.
Spurred to action by the Metrolink crash in September of 2008 that killed 25, Congress has mandated that positive train control technology must be implemented on all passenger and freight trains by 2015. Positive train control uses wireless technology to automatically stop a train in the case of a dangerous situation – speeding, running a signal or traveling on the wrong track. The cost? Officials estimate that getting the entire system up to date will cost $5.5 billion and $820 million to maintain each year.
Do homes in the suburbs or walkable urban neighborhoods command more value? The New York Times looks at a study using data from Walkscore.com that finds that homes in more walkable neighborhoods increase in value more than homes in distant (and generally pedestrian unfriendly) suburbs. Walkscore rates locations on a 100 point scale, with 100 being a “walkers paradise” based on nearby amenities.
Check out the rest of today’s headlines, compiled by the Metro Library, after the jump.
AP: Road Projects Haven’t Helped Employment
National Public Radio
Construction At Compton’s MLK Transit Center
The Bus Bench
If L.A. Is Going To Invest In Bike Lanes, Then Do It Right!
New Parking Meters Today
Little Tokyo Unplugged
Opinion: A National Of Hunkered-Down Homebodies (America’s declining mobility rate)
New York Times
South Bay Bicycle Coalition’s Regional Plan Gaining Momentum
Street Corners Vs. Cul De Sacs (walkability’s influence on crime, housing costs)
New York Times