Changes in market preferences, technology and travel patterns are driving a new consumer demand for a range of transportation options. Millennials and baby boomers with a growing desire to live in places where they spend less time in traffic are driving a rising demand for neighborhoods near public transportation.
Companies increasingly understand that a younger workforce wants to bike to work or live in vibrant, walkable neighborhoods. Small towns and large cities alike want reliable passenger rail connections to regional economic hubs. Goods must be moved from port, to rail, to truck, to businesses and, increasingly, to doorsteps. And emerging technologies are enabling a growing range of new transportation services.
The precise mix of options will be determined by the specific circumstances of each local community, but it is clear that one size no longer fits all, and the federal program must recognize that and begin factoring in changing demands and demographics.