Tuesday, September 22, 2009

Ottawa to build light rail – Phoenix seeing higher property values

Sometimes it can get a bit depressing seeing every region but your own build light rail. In another blow to bus rapid transit (BRT), Ottawa will be building more light rail.
The north-south route option is part of a $1.8 billion LRT plan that includes a downtown tunnel and converting the east-west Transitway from Blair Rd. to Tunney's Pasture to light rail.
In other news, after only 9 months of operation light rail in making a big impact in Phoenix, Arizona. According to a recent report:
The city of Tempe has experienced the highest increase in the Valley in land value surrounding the light rail route, according to a study conducted by ASU doctoral student Katherine Kittrell released Friday.

Mixed-use buildings that incorporate residential, retail and office space are the type of transit-oriented developments that led to increased land value, she said.
“The research concludes that one of the best ways to get people to incorporate a different lifestyle is to get them to live in transit-oriented developments,” she said, referring to buildings that offer convenience for public-transit riders

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