Tuesday, August 21, 2007
Less Driving Makes Cities Richer
Because Portland-Vancouver drivers log 20 percent fewer miles a day than most U.S. urban dwellers and spend less on cars and gasoline as a result, the region's economy saves $2.6 billion a year, or about 3 percent of the area's annual economic output, according to a new study for the Chicago-based CEOs for Cities.
And most of that money, which otherwise would go to far-flung car makers and oil companies, appears to go instead to housing, entertainment and food in the Portland-area economy.
Posted by Unknown at 10:08 AM