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Unformatted text preview: orovich, Director of America 2050, a national urban planning initiative to develop an infrastructure and
growth strategy for the United States, et al, 2011
(Petra, High Speed Rail; a lesson for U.S. policy makers, pg. 41; FAS)
(High-speed rail can generate growth in real estate markets and anchor investment in commercial and resi dential
developments around train stations, especially when they are built in coordination with a broader set of public
interventions and urban design strategies (see chapter 3). These interventions ensure that high-speed rail is integrated into
the urban and regional fabric, which in turn ensures the highest level of ridership and economic activity. For
example, the city of Lille, France, experienced greater than average growth and substantial office and hotel
development after its high-speed rail station was built at the crossroads of lines linking London, Paris, and Brussels
(Nuworsoo and Deakin 2009).) Real Estate is key to the economy – Gross Output
Scott, 2008 (Robert E., The importance of m...
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