Broken Public Transit Systems Are Hurting The Return To The Office

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Dysfunctional and underfunded public transit systems in cities like Boston and New York are slowing post-pandemic downtown recoveries and the return to the office. Plus, the multifamily conversion of a historic Chicago hotel has restored the landmark property to its former glory.

Now, let’s dig in!

Broken Public Transit Systems Are Hurting The Return To The Office

Across the country, major cities' dysfunctional and underfunded transit systems are slowing downtown recoveries and the return to the office. Nowhere is this more evident than in Boston, where the Massachusetts Bay Transportation Authority (MTBA) has struggled with lower ridership and frustrated riders.

Decades of underinvestment in Boston’s public transit system have left the region with antiquated infrastructure, a mishmash of confusing technology, and a daunting budget shortfall. The MTBA faces a projected $700 million operating deficit for the next fiscal year and an enormous deferred maintenance backlog.

Workers' wasted time waiting for trains and buses has become a top concern for Boston-area businesses. The public transit challenges pose risks to the Boston economy, which could cause the loss of people and companies. A recent survey revealed that a quarter of Greater Boston's young adults will likely leave the area in the next five years due to high housing costs and transportation issues.

Boston isn’t the only city facing these issues. Significant delays on Amtrak and New Jersey Transit into New York City over the summer prompted some to say commuting by train into NYC has never been worse.

Many large U.S. metro area transit systems face fiscal cliffs due to inflation, underfunding, and reduced ridership as pandemic-era federal subsidies dry up. This is prompting talk of massive fare hikes, new taxes and fees, and service cuts in cities like New York, Philadelphia, and Washington, D.C.

The need for state and local governments to work with transit providers to find funding for restructured, high-quality service is urgent. If not, funding shortfalls may lead to service cuts that endanger the ridership recovery that has already occurred. The recovery of downtown business districts, the return to the office, and public transit systems are deeply intertwined in the post-pandemic world. And without robust, improved public transit, everything else may suffer.

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