News
Secretary of Transportation Pollack: T Repair Cost 'Daunting'
March 5, 2015
Transit-oriented development, the hot trend in multifamily, needs an efficient transportation infrastructure. The Boston region’s recent spate of record-setting snowstorms—and the catastrophic collapse of the MBTA system that resulted—illustrate how tough this will be. The estimated cost to repair parts of the exhausted existing system will be at least $6.7B, up from an estimated $3.1M in ’09, The Boston Globe reported. The numbers are "daunting,” state secretary of transportation Stephanie Pollack said on Tuesday. Add to that the price tag for repairing commuter rail trains, parking areas and bridges, and we’re well into billions in double digits. [Boston Globe]
