Transit-Oriented Development’s Return on Investment
For at least the past decade, the region’s real estate has revolved around transit. That is expected to continue for the next decade, and we can already see signs of its impact along the Silver Line, according to a new report.
We’ve been highlighting the impact that Metro has on the regional economy for many years now. From the Regional Benefits of Transit study which highlighted the quarter of a billion dollars in incremental tax revenue that the jurisdictions enjoy each year solely because of Metro, to recent data which highlights that almost all of the development pipeline in the D.C. region is within walking distance of Metrorail, it’s crystal clear that this region’s economic future is inextricably linked to Metro.
Joining the library of compelling evidence of this is recent information from CoStar and Transwestern. They have been monitoring the development pipeline and activity in the region and have had a special eye trained on the Silver Line. Here’s what they found: Read more…
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