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Re: Arlington Streetcar

While I'm a supporter of the streetcar, the project is definitely in trouble simply because the numbers aren't as good as typical transit projects. By comparison, the Potomac Yard infill station will cost about half the price of the Columbia Pike Streetcar, result in 1.4M square feet of additional development, and largely get paid for through special tax districts and developer contributions. As another comparison, the Silver Line will result in enough property value increase around the four Tysons stations alone, to pay for the combined cost of Phase I & II and still have a few $billion left over.

Not every transit project has to be at the standard of Potomac Yard or the Silver Line but it certainly helps.

by Falls Church on Jun 14, 2012 9:50 am • link • report

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