Local News

Analysis Suggests Metro-North Disruption Cost State $62 Million In Economic Output. $2.5 Million In Revenue

View Comments
A Metro-North train at the Bridgeport station. Photo by WTIC's Matt Dwyer.

A Metro-North train at the Bridgeport station. Photo by WTIC’s Matt Dwyer.

By SUSAN HAIGH, Associated Press

HARTFORD, Conn. (AP) _ An analysis conducted by the Department of Economic and Community Development shows Connecticut’s economy suffered during the recent disruption of service along Metro-North’s busy New Haven commuter rail line.

The impact analysis report, obtained Wednesday by The Associated Press, determined Connecticut’s gross state product, a measurement of the state’s economic output, declined $62 million.  Meanwhile, there was a net loss of $2.5 million in state revenues.

On Sept. 25, a failed electrical circuit cut power to part of the line, forcing Metro-North Railroad to reduce rail service by half. The line returned to full service between New Haven and Grand Central Terminal on Monday, thanks to a new electrical substation activated in Mount Vernon, N.Y.

DECD used the Regional Economic Models Inc. or REMI model to compile its report.

(© Copyright 2013 The Associated Press. All Rights Reserved.)

 

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 882 other followers