Last month, towers of ilium predicted that the recent fare hike implemented by the MBTA would not adversely impact ridership. Today, the Boston Globe published statistics demonstrating that this prediction has been borne out at least for the month of July (in a comparison of year over year ridership figures). There was an 0.1 percent drop in daily rides, which hardly counts, particularly since T management had been bracing for a 5 percent decline. Maybe they were hedging themselves so they would look smart.
Now that swarms of college students have descended on the city, ridership will probably stay at the same levels as last year going through the fall. The broader economic picture in the state is dependent on the fiscal cliff, the continued health of the biotech/military/computer/finance businesses. Europe's recession and China's coming slowdown could hurt this region more than other places.
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