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By jason (registered) | Posted April 30, 2009 at 18:18:21
ASmith said: "A quote from the same article...
But not all light rail projects have been economic development success stories.
"One thing that can happen is nothing," said Robert Dunphy, of the Urban Land Institute. "Transit advocates will claim if you put rail in, all of a sudden you'll have this money flowing. It's just not true.
That doesn't sound good."
No, it doesn't sound good. Anyone stupid enough to make comments like 'money will start flowing' just because a rail line is put in should be called on it.
Also, for future reference, please don't send any info my way that cites 'Las Vegas' as their example whether good or bad. The place is a fake city that I have zero interest in examining in the real world.
However, you could have used Buffalo. They really botched up their LRT project and even though real estate values are higher near stations than further away, they haven't leveraged the potential economic impact of LRT.
Not to mention, their economy has been screwed up for decades now.
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