A new report by the Manhattan Institute
makes the case that the city’s residents and economy have benefited immensely from the subway, and that if it wants to maintain its prosperity, the subway needs to get the funding for necessary repairs and expansions.
New York’s mass transit system—especially its subways—has been a crucial factor for encouraging and enabling more of the residents in the city’s historically poorer neighborhoods to work. Any sustained deterioration in subway services endangers this success story. […] To protect the gains that have been made, and secure future gains, elected officials and policymakers at both the state and city level will have to invest, and invest wisely, in additional subway, bus, ferry, and other transit capacity. Otherwise, they risk presiding over stagnant job growth and workforce-participation growth that is independent of any cyclical recession.