Light Rail Development Brings Economic Growth Along For The Ride

Light Rail Development Brings Economic Growth Along For The Ride

The opponents of light rail often reference the cost of light rail development and the impact it would have on many states’ already depleted transportation budgets. An often over looked benefit to light rail development is the economic growth that comes along with it.

According to APTA, the American Public Transportation Association, for every $1 spent in light rail development, there are $7 spent in economic development around that light rail.

Light Rail Economic Development Success Stories

  • Kenosha, WI — Over $120 million in economic development.
  • Tampa, FL — Over $600 million prior to construction and then more than $2 billion in economic development.
  • Memphis, TN — $137 million in economic development.
  • Portland, OR — $2.3 billion in economic development.
  • Charlotte, NC — $400 million in economic development.
  • Dallas, TX – $8 billion in economic development

Randy Wright & Associates was heavily involved in bringing light rail to Hampton Roads. With the implementation of The Tide light rail system in Norfolk, we have seen over $500 million in economic development in the short time that The Tide has been active.

If you would like to learn more about how light rail can benefit your city, head on over to the transportation consulting page to continue the discussion.

The Tideimage credit: VaDOT on flickr


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