OBBBA Impacting Transportation Funds: Economic Analysis using REMI-AI
You are invited to our upcoming webinar, “OBBBA Impacting Transportation Funds: Economic Analysis using REMI-AI.” This webinar is being presented from 2:00-3:00pm ET on Wednesday, July 30th by Teddy Sun, Owen Karpeles, and Nigel Ma from REMI.
Federal transportation policy is undergoing changes that will impact the allocation of Department of Transportation (DOT) funding. The One Big Beautiful Bill Act includes a shift in budget priorities that may reduce funding for certain infrastructure initiatives, particularly in large metropolitan areas. This webinar presents an economic impact analysis of not proceeding with “first-mile” transit access projects in New York City, Chicago, and Los Angeles under the proposed funding framework.
In this webinar, we will examine three sample major transit infrastructure projects modeled after projects that are currently in the planning phase: New York’s Interborough Express, Chicago’s Red Line Extension, and Los Angeles’ East San Fernando Valley Light Rail. This analysis will leverage REMI TranSight, REMI SEI, and REMI-AI to assess the potential economic effects of project delays or cancellations, including changes in job creation, GDP growth, personal income, and transit access in select communities.
By comparing cities with mature transit systems (New York and Chicago) to a city with a more developing system (Los Angeles), we explore how differences in regional economic structures, labor markets, and transportation networks may lead to varied outcomes across regions.