Bus is sound investment
When the Sun Valley City Council
questioned the value of the Peak Bus, the valley’s commuter bus last week,
Blaine County Commissioner Sarah Michael answered the question with questions.
She asked: What’s the value of taking
1,000 to 1,500 cars a month off the road every month? What is the value to
employers? What’s the value of providing transportation for kids?
It was a good way of pointing out the real
value of the city’s $20,000 annual investment--or about $1.11 per rider
annually.
There are more questions the city should
answer before it indulges itself in calling the Peak Bus on the carpet again.
For example, what’s the value of a parking
space in downtown Ketchum where most valley businesses operate?
With current land values, it’s somewhere
in the neighborhood of $4 to $5 a day.
What’s the value of saving 1,500 gallons
of gas a month?
In economic terms, it’s between $20,000
and $30,000 a year. In geopolitical terms, where fears about oil supplies create
international unrest and military interventions, the savings from the Peak Bus
alone translate into hundreds of thousands of dollars.
The Peak Bus is a good deal and should pay
even bigger returns in the form of avoided costs for both cities and commuters
in the future. It deserves strong financial support, not penny-pinching.