An Economist Looks at the Cost of Congestion

We had a robust discussion here several months ago about the Cost of Congestion report.

Now, local economist Joe Cortright has penciled out his perspective. Joe is perhaps best known for his The Young and the Restless report looking at what influences young, highly educated workers in the choice of cities and regions to live in. Much of Joe’s work is about the engine of innovation driving our economy.

Joe’s commentary, entitled “30 seconds over Portland” reaches the conclusion that the $6B (yes, Billion) in investment suggested in the report, would yield 30 seconds of time savings on the average trip.

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