Find out how transportation issues like commuting, public transit, and alternative vehicles affect real estate professionals.
After stalling during the recession, transit ridership is on a roll again as more and more people opt to park their cars and board buses, light rail and commuter trains. The nation’s transit ridership rose for the sixth straight quarter between April and June of this year, according to the American Public Transportation Association (APTA).
Last summer, Congress finally adopted a new law setting funding levels and policy priorities for federal investment in highways, bridges and public transportation.
The U.S. Senate and House of Representatives both approved H.R. 4348, the Surface Transportation Conference Report. The bill authorizes federal surface transportation spending programs through Sept. 30, 2014.