What does a railroad have to do with the future of the automobile? June 28, 2018 Michael J. Shiffer, Ph.D. Vice President, Planning MTA Metro-North Railroad
[email protected] What does a railroad have to do with the future of the automobile? ¤ In this region, the future of the automobile is intrinsically tied to the future of the mass transit system. ¤ This is due to the agglomeration economy of Manhattan and its continuing dependence on the extraordinary carrying capacity of the rail network. ¤ Travel patterns continue to evolve. ¤ Access to the rail network is key. The Regional Rail Context 3 Metro-North Railroad • 123 Stations • 756 Active Miles of Track • 711Daily Revenue Trains • 294,000 Trips per day ¤ Total East of Hudson ridership has increased by 57% from 53.8 million in 1987 to 84.9 million in 2017, an increase of over 31 million annual rides. ¤ 87% of AM commuters to Manhattan from Metro-North service territory ride Metro-North Railroad ¤ 2/3rds of the growth over the past 10 years has been on the “inner” portions of our lines. Notable Generational Dynamics ¤The Millennials (born after 1980) • About 22% of regional population • Growing the labor force • Desire to live in urban settings • Less interest or financial ability in owning a car • A tech-savvy “24 hour” lifestyle • Are they really revolutionary or will they follow traditional migration patterns? • City v. Suburbs • “Most buyers want to be within walking distance of trains and villages” ¤The Boomers (born 1946-1964) • 26% of regional population • Leaving the labor force? • Opting to “retire in place” ..