Wow! Study says DC Streetcar could add $10-15 billion in value [New Urban Network]
The Washington, DC, streetcar certainly looks like a good deal. The 37-mile system, the first corridor of which is under construction and expected to be completed by 2012, will increase the value of existing properties by $5-7 billion, according to the study by Goody Clancy & Associates of Boston.
Boston’s success depends on T [The Boston Globe]
CITIES HAVE to grow, and the place for them to grow is on top of mass transit. A few decades ago, that was an academic argument. Today, it’s standard operating procedure. It’s just how neighborhoods get built.
Of course, the great assumption underpinning transit-oriented growth is that the transit will be there – to divorce construction from gridlock, to allow people to move around an ever-crowding urban environment, and to put scarce, expensive land into productive use, instead of reserving it for parking. Without mass transit, there is no urban growth.