Streetcars once were, and are now again recognized as one of the best transportation facilitators and Major Economic economic redevelopment tools available to cities. Streetcars are exciting, efficient, and sustainable transit Redevelopment Tool circulation systems that move people around urban areas while catalyzing substantial economic revitalization. And unlike a bus, streetcars are permanent fixtures of the urban environment that give property owners along the routes a direct incentive to invest in their properties and the community. Incentivizes Investment
P R EC E D E N T O F S U C C ES S
Outstanding Success Throughout the US, streetcars have demonstrated their ability to spur significant economic benefits for municipal agencies, businesses, and property owners. Shops and storefronts near the proposed Downtown in Other Cities Significant Potential in Downtown LA LA routes will generate revenue by serving the thousands of pedestrians delivered every day by the streetcar, while the convention center and hotels will boost their bookings by having direct access to an intuitive ground transportation system. The potential of a Downtown LA streetcar system has already been recognized by City agencies, and they are committed to improving sidewalks, building façades, and pedestrian amenities along a future streetcar route.
S T R E E T C A R S P R O D U C E S U B S T A NT I A L R E T U R N S O N I NV E S T M E N T Portland’s initial four mile couplet stimulated significant interest in streetcar development. Their existing streetcar lines generated an estimated $3.5 billion in private investment, led to the construction of 10,000 new transit‐oriented housing units, and substantially cut vehicle miles traveled in the Portland metro area. Forthcoming expansion projects will significantly increase the economic and development returns for ...