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 Why build the streetcar? Economic Development The streetcar is a powerful catalyst for economic development. Although the improved transportation provided by the streetcar will improve the character and feel of the city, the greatest benefits come from the streetcar’s ability to focus and spur investment all along the route. In other cities, building a streetcar line has been an effective way to increase investment and development in their urban cores. Portland has seen $2.8 billion in added value to the city. Tampa’s streetcar line stimulated $1.1 billion of development. Little Rock’s route brought $700 million into the city. Even Kenosha, Wisconsin, a metro area with1.9 million fewer residents than Cincinnati’s metro, has seen $175 million in added value along their streetcar line. Streetcars promote growth add economic development in a myriad of different ways. The make downtown housing more affordable, bring in more customers to support downtown retail, improve property values, create a more vibrant city, and increase public safety by keeping more eyes on the street which improves the overall business climate. For more information on streetcar transit, click here to visit the City of Cincinnati's Streetcar Transit FAQS |