Streetcar ext., renamed CityLynx Gold Line, might get built without property tax increase

[Charlotte485]

^ spot on.


The success of the blue line is the Part of the blue line that functions like a streetcar


I'd also go on to say a large area located near the rail (even mile+) will benefit as the area itself becomes more attractive. Plaza-Midwood (and NoDa) I would assume will develop differently as both neighborhoods have a robust "downtown" that SouthEnd sorta lacked.

[Barфsa]

When and if the streetcar deed is ever done, I don't think it will make any difference. The only thing it changed in Portland was to make it more expensive to live there. People have been moving away and ridership has been going down.

[Native_Son]

Originally Posted by Barфsa

When and if the streetcar deed is ever done, I don't think it will make any difference. The only thing it changed in Portland was to make it more expensive to live there. People have been moving away and ridership has been going down.

Property value increases are exactly the goal. I've read that values along Portlands line have increased ten times and more in some if the more depressed areas. If S. Charlotte wants the eastside to pull some tax weight there has to be capital improvements. And not many things spur developer confidence like rails in the ground. It's a tried and true formula.

[Barфsa]

Property values went up in Portland because of the urban growth zone. To make the streetcars work, the city made a lot of land unavailable for development. This forced people into a small area. Ridership is falling on the streetcar. I guess it's because the higher income types are not as prone to using public transit. I suppose this plan backfired.