Hodge at RedCounty.com, quoting economist: Government could purchase new $23,000 Honda Priuses for every rider of Phoenix light rail system, and still would have saved $1 billion

RedCounty, quoting economist Mark Perry, from the University of Michigan:

The other day, Phoenix trumpeted that its daily light rail ridership had reached 37,000 boardings per weekday. Since most of those people have two boardings per day (one each direction) we can think of this as 18,500 people making a round trip each day.

Well, if we bought each of these folks a brand new Prius III for $23,000 it would cost us just over $425 million. This is WAY less than the $1.4 billion we pay to move them by rail instead. We could have bought every regular rider a Prius and still have a billion dollars left over! And, having a Prius, they would be able to commute and get good gas mileage anywhere they wanted to go in Phoenix, rather than just a maximum of 20 miles on just one line.

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