Morgan said new mixed-use transit-oriented development has sprung up along the line. There’s numerous anecdotes about lifestyle changes, he said, including downtown workers living in condos or apartments near rail stations who have sold their cars and avoided insurance, gas and other costs while getting transit subsidies from their employers.
Thursday, December 4, 2008
That's how much the development along the Charlotte light rail line adds up to. No small, change, that's over 250% return on the initial investment of just under $500 million. That's just on the development and doesn't include these savings: