For Anyone Knocking the Loop Streetcar Cash
Most other U.S. cities that have built streetcars or other rail transit have seen increasingly valuable development. A Portland, Ore., streetcar open since 2001 lured 4 million square feet of high-density development, a 2005 study found. A Seattle analysis of land values near its new streetcar, opened in 2007, found $68.4 million in increased property value.
Now we to bring it to streets that really need it (hint: Cherokee).
