That's a lot of money.
That's how much driving on roads that are in poor or mediocre conditions, congested, or lack adequate safety features is costing Louisville drivers annually according to TRIP.
Since we have two drivers in our family, it costs my family of 4 nearly $4,000 per year. We could do lots with $4,000 - we could go on a family vacation, complete home improvement projects, invest it in our retirement, or put it toward our children's college savings accounts every year.
Not only do we lose money - we lose something else that is even more valuable to us - our time. In Louisville, TRIP estimates that we spend an average of 43 hours each year stuck in traffic.
$4,000 is a lot of money. And 43 hours is a lot of time. That's 43 hours that I'm not spending with my kids or my husband or my parents or my friends. That's 43 hours that I'm not being productive - doing something like working (which I enjoy) or working out or reading or planning the vacation that we can't afford because we lose $4,000 due to our road conditions.
Now - don't get me wrong. I love my city. I know that Louisville Metro and KYTC are doing all they can with what they have. I also know that revenues are limited, very limited - and they can't do more work than they can afford.
And the sad thing is - Louisville isn't alone. Being stuck in traffic on poor to mediocre roads that are congested costs Northern Kentucky residents nearly $1,700, it costs Lexington residents nearly $1,300, Owensboro residents more than $1,000, and Bowling Green residents lose $800.
Statewide TRIP estimates it costs Kentucky drivers $4 BILLION each year. That's A LOT of money for our citizens to lose each year.
And we can't get that money - or that time - back.
But we can do things to ensure we don't continue to lose time and money stuck in traffic.
We can repair our roads, improve our pavements, complete safety improvement projects - and it won't take as much as we think. The challenge is that we don't have the revenues we need. We don't have enough money to invest in our transportation network to save my family - and yours - time and money each year. And as a parent - I want to change that. I want to find a solution to this problem before it gets worse.
It costs my family $4,000 and 43 hours per year now. If we don't do something soon - how much will it cost my children in the future?
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