This preview shows page 1. Sign up to view the full content.
Unformatted text preview: n 6 and 10 million square feet of new development since the year before the new transit lines
opened (see chart). Charlotte’s Blue Line had the most development, with approximately 9.8 million square feet of
new space between 2005 and 2009. The majority of development in all three corridors was housing, a reflection of
national market conditions in the earlymid 2000’s, which strongly favored residential development. However both the Denver and
Charlotte regions experienced a significant amount of commercial development as well. The private sector sees
value in locations near transit, and this is reflected in the design and marketing of projects. Developers have made major
changes to the design of projects to take advantage of the new light rail connection, and in some cases the concept of TOD may also have helped
to attract capital for projects. Projects near transit are viewed as having the potential to achieve faster absorption rates, higher occupancy rates, and in some cases higher sales prices or rents. Many projects have been directly marketed as
being near the light rail.} HSR is profitable
Longshore, studied at Wisconsin-Stevens Point, 2010 (Samantha, Putting the Brakes on High Speed Rail, 2010,
June 26, 2012) F...
View Full Document