A report released by Transportation Riders United details rapid
transit's effect on Detroit. It would be thousands of jobs and billions
of dollars in new development.
Excerpt:
“The greater Detroit area could achieve billions of dollars in new
development and thousands of jobs just like dozens of other cities
have, by investing in light rail transit,” said TRU Executive Director
Megan Owens. “By making major investments in rapid transit, Michigan
could jumpstart its economy and plant the seeds for long-term economic
growth.”
Because many people want to live, work, shop and play near convenient
rapid transit, developers in many cities choose to build near transit
stations. Research by the American Public Transit Association has
found that property values near transit stations are generally 25%
higher than similar property elsewhere. Rapid transit systems in the
four metro regions examined in the report have sparked massive
investments in retail stores, grocery stores, restaurants, residential
and other housing units, office buildings, movie theaters, cafes, and
more. Many developers point to the rail station as a major factor in
deciding to build, a very attractive feature to buyers, and a key to
their success.
Read the entire release
here.
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