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