Unformatted text preview: ons 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.} Real Estate is key to the economy – Gross Output
Scott, 2008 (Robert E., The importance of manufacturing, February 13, 2008, http://www.gpn.org/bp211/bp211.pdf, July 2, 2012, pg 3;
(Finally, the manufacturing sector has a large geographic footprint. It is the largest sector of the economy, aside from real estate
(which is dominated by imputed and actual rental income on property) in most states, as a share of GDP.
Manufactured goods are a significant sour...
View Full Document