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Title:

The Economic Impact of the Greater Lynchburg Transit Company on Region on the Lynchburg, Virginia Region

Accession Number:

01337656

Record Type:

Component

Abstract:

The primary purpose of this study is to estimate the annual economic impacts of the Greater Lynchburg Transit Company (GLTC) on the Lynchburg region from a local perspective. The Lynchburg region is defined as the GLTC service area. GLTC is a publicly-owned, non-profit company that provides public transportation service in and around the City of Lynchburg, Virginia. GLTC provides fixed route transit and paratransit service. The population of the transit service area is about 80,000 people. The local economic impacts of GLTC were measured against a theoretical scenario in which transit in Lynchburg no longer exists. The economic impacts that were measured include: (1) Avoided costs for transit users switching to alternative transportation modes (2) Avoided economic and social costs of trips that would be cancelled (3) Avoided externalities such as accidents, air pollution, and congestion (4) Lost GLTC employee compensation (5) Lost GLTC operating and capital purchases and (6) Lost operating funds for transit. The annual impacts of GLTC of include: (a) GLTC facilitates economic activity valued at $27 million (b) GLTC directly employs 112 employees and indirectly supports an additional 289 full time equivalent jobs in the local economy (c) The average GLTC bus rider that is not transit dependent would be willing to pay $59 annually to maintain transit as a local transportation option and (d) About 70 percent of all city fixed route and paratransit bus riders said their personal independence would decrease in the absence of transit.

Supplemental Notes:

The DVD lists the title of this paper as: Economic Impact of Greater Lynchburg Transit Company on Region of Lynchburg, Virginia.

Monograph Accession #:

01329018

Report/Paper Numbers:

11-3526

Language:

English

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 United States

Authors:

Chami, Rami Barakat
Skolnik, Jonathan

Pagination:

19p

Publication Date:

2011

Conference:

Transportation Research Board 90th Annual Meeting

Location: Washington DC, United States
Date: 2011-1-23 to 2011-1-27
Sponsors: Transportation Research Board

Media Type:

DVD

Features:

References (1) ; Tables (2)

Geographic Terms:

Lynchburg (Virginia)

Subject Areas:

Economics; Public Transportation; I10: Economics and Administration

Source Data:

Transportation Research Board Annual Meeting 2011 Paper #11-3526

Files:

TRIS, TRB

Created Date:

Feb 17 2011 6:33PM