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By jeffreygeoffrey (registered) | Posted April 16, 2014 at 11:25:40
Positive article in yesterday's NY Times about Washington DC's new streetcars and their economic impact on a hard-hit area: http://www.nytimes.com/2014/04/16/busine...
A couple of gems in the article:
“What light rail does for a retail corridor is it’s really a big multiplier,” says developer Jim Abdo.
The “visible permanence” of the streetcar “can serve as a powerful attraction to private real estate investment,” [a 2012] study said. These economic benefits, the study added, “would exceed the projected cost of creating the system by 600 percent to 1,000 percent.”
Comment edited by jeffreygeoffrey on 2014-04-16 11:55:47
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