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DART Generated $7 Billion In TOD

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DART Generated $7 Billion In TOD

Postby art_suckz » 26 Oct 2016 16:16


Progressive Railroading

DART light-rail stations generate $7 billion in TOD

Dallas Area Rapid Transit (DART) light-rail stations have attracted more than $7 billion worth of new or planned development within a quarter mile of the stations, the agency announced yesterday.

That's according to a new report prepared on behalf of DART by University of North Texas (UNT) researchers, who also determined that this activity generated more than 43,000 jobs and nearly $3 billion in wages, salaries and benefits in 2014 and 2015, DART officials said in a press release.

Projects that are completed or under construction have been responsible for $2.03 billion in total spending throughout the region, while potential spending for planned or proposed transit-oriented development (TOD) projects could result in an additional $5.1 billion, according to the report.

"DART, and the projects around it, will sustain our continued growth," said UNT economics professor Michael Carroll, who led the study. "This very rapid increase in investment and development activity around DART stations reflects the improvement in our regional economy. More important, this proves the wisdom of regional leaders in building a regional transit network like DART.

Report: http://www.dart.org/about/economicdevel ... 102516.pdf
To the man who only has a hammer, everything he encounters begins to look like a nail.

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Re: DART Generated $7 Billion In TOD

Postby DPatel304 » 26 Oct 2016 17:56

It's crazy to me how many DART stations still have so much potential to be developed into something more. There has certainly been some nice progress around some stations, but many are still pretty barren.

I'm surprised we haven't seen the Parker road station turned into some TOD. Perhaps if/when the Cotton Belt gets underway, that may drastically change things in East Plano.

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Re: DART Generated $7 Billion In TOD

Postby The_Overdog » 27 Oct 2016 08:51

I'm surprised we haven't seen the Parker road station turned into some TOD.

I've not seen any interest in building anything around that area and I follow the area pretty closely - the field next to BestBuy has been for sale since I moved to the Dallas area 16 years ago.

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