Redesigning mass transit amid the ridership crunch

The Bond Buyer

By Caitlin Devitt

April 18, 2023, 2:12 p.m. EDT

Dedicated funding offers one solution for transit agencies facing a much-hyped looming fiscal crisis amid weak ridership and dwindling federal subsidies.

That's the view of transit expert Joshua Schank, a managing principal at InfraStrategies and formerly chief innovation officer of the Los Angeles County Metropolitan Transportation Authority.

"We can't continue down the same path and expect different results," Schank said last week at a transit conference in Chicago hosted by the Federal Reserve Bank of Chicago, the Civic Federation, and the Civic Committee of the Commercial Club of Chicago.

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