Without
the streetcar, the number of residential units downtown is predicted
to rise to 2000 units by 2039. With the streetcar 2000
units will be reached in 2018, a full 21 years sooner.
There are
92 acres of parking lots in the area along the streetcar route.
For comparison, Burnet Woods in Clifton is only 89 acres. This
much surface parking is not a sign of a healthy city. The
streetcar can transform some of these lots into mixed-use developments
with residential and commercial activities wrapped around or above
parking garages.
Developers
will make long term investment decisions based on a streetcar
line that they wouldn't make on a bus line. The streetcar
is a permanent improvement that can’t be easily changed.
Changing a bus route only requires a can of orange paint. |