{
  "docId": "019dd923-5ca1-7489-b639-2e6db8a38ad7",
  "docSlug": "4dd6f8edb8b68a13",
  "documentTitle": "MTA Financial Impact COVID-19",
  "authorId": "McKinsey",
  "authorName": "McKinsey",
  "documentKindSlug": "consulting-deck",
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  "sourceTypeSlug": "strategy_consulting",
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  "pageNumber": 36,
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  "slideType": "impact_sizing",
  "function": "quantify_impact",
  "density": "overcrowded",
  "nDataPoints": 14,
  "notes": "The slide uses a numbered list to structure the argument, moving from context (NYC economy) to specific infrastructure importance (MTA) to current crisis impact and finally to investment potential.",
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      "kind": "callout",
      "text": "Preliminary analysis of impact shows a $3.2-4.7B investment has a $6.2-9.1B total national GDP impact and generates 75-109K jobs",
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      "kind": "disclaimer",
      "text": "(4/28/20) Please see disclaimer on page 3. These analyses represent only potential scenarios based on discrete data from one point in time. They are not intended as a prediction or forecast, and the situation is changing daily.",
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      "kind": "list",
      "text": "1. The NYC metro area is an engine of the overall national economy\n2. NY MTA is a critical part of what makes the NYC MSA economy possible\n3. NY MTA represents the bulk of losses in transit ridership and fares in the US\n4. Spending on the MTA has the potential to drive national economic impact",
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      "kind": "metric",
      "text": "GDP impact: $6.2-9.1B",
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      "subkind": "primary",
      "toolName": "Quantification",
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      "kind": "paragraph",
      "text": "Rationale: NYC metro's GDP of $1.7 trillion in 2017 is the largest of any metro area in the U.S. In recent years, NYC Metropolitan Statistical Area (MSA) has contributed the greatest share of U.S. and global nominal GDP growth of all metro areas. NYC metro has generated 8.3% of all U.S. nominal GDP growth and 2.6% of all global nominal GDP growth between 2010 and 2017. The MTA carries 8M people every day, allowing a large portion of the NYC MSA to get to work. 87% of people who enter the Manhattan Central Business District during the peak do so through bus, subway, or railroad. Every day Manhattan goes from a population of 1.6M residents to a daytime population of nearly 4M people, including nearly 1.6M commuters and 400K day-trippers. If 1.6M commuters drove in their own automobiles, the parking alone would occupy 520M SF of space, this would require paving over 80% of Manhattan for a parking lot; or replacing Central Park with a 13 story parking garage. Across the US, major transit systems – CTA, LA Metro, MBTA, WMATA, SEPTA, NJ Transit, and others – have all lost 80-90% of ridership in transit in recent weeks. MTA represents 40-50% of the total loss in ridership in the United States. Preliminary analysis of impact shows a $3.2-4.7B investment has a $6.2-9.1B total national GDP impact and generates 75-109K jobs.",
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      "kind": "source-note",
      "text": "Source: Press search, FTA NTD data, NYMTC data, BEA multiplier analysis",
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      "kind": "title",
      "text": "Estimating potential economic impacts",
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      "text": "Possible effects of spending",
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      "name": "Cost Of Inaction",
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