PBN: Boston rents boost Providence's appeal
By Barrett Ramsay- February 1, 2019 2:38 am
Renowned for its prestigious universities, historical significance and sports fanaticism, Boston seemingly has something to offer everyone - except maybe a place to live. According to a December report published by Zumper National Rent, Boston ranked as the third-most-expensive rental market in the country after San Francisco and New York City. The median cost to rent a one-bedroom apartment in Boston increased to $2,480 by the end of 2018.
While rent prices have increased exponentially over the past decade, the quality of the transit system in the Greater Boston area has improved very little. Despite Boston pouring $85 million into commuter rail in the most recent year, the most of any town or city in America, simply mentioning “green line” continues to incite a chorus of groans from Bostonians.
Aside from commuter rail, Massachusetts Bay Transportation Authority bus lanes have been adopted in the surrounding area and have had a significant impact on reducing commute times. This has since led to a dispute over who pays for the upkeep of the project. Funding for costs such as signs, road maintenance and paint to define bus lanes have become a point of controversy between the cities that own the roads and the state-run transit agency.
Courtesy of Providence Business News