Rail

Report: DART rail expansion to generate $4B

Posted on July 24, 2009

The 45-mile Green, Orange and Blue Line Dallas Area Rapid Transit (DART) rail expansion is projected to generate more than $4 billion in economic activity between 2009 and 2014, according to a new study by economists at the University of North Texas. Including prior Green Line expenditures, the total economic activity is more than $5.6 billion.

The study, -- "Economic and Fiscal Impacts of Dallas Area Rapid Transit Light Rail System Buildout and System Operations" -- conducted for DART by Drs. Terry Clower and Bernard Weinstein of the UNT Center for Economic Development and Research, also determined the expansion will create 32,095 job-years of employment, or an average of 6,400 jobs each year for the next five years. Separately, ongoing operations of the multimodal transit agency will generate $663 million in annual economic activity and more than 5,300 jobs.

"Dallas Area Rapid Transit's light rail operations continue to be one of the best examples of the growing importance of transit, in all modes, to sustainable economic and community development," the researchers said.

The economists added, "Importantly, DART's construction activities have continued even with the downturn in the local economy, increasing the relative importance of the jobs associated with this construction. Of course, these impacts pale in comparison to the value of property development that has occurred around or near DART transit rail stations as described in previous analyses."

Studies by Weinstein and Clower and additional reports by local officials have identified more than $8 billion in transit-oriented development projects that have opened, are under construction or are planned along DART rail corridors.

DART rail will double in stages to 90 miles by 2013. The heart of the project is the 20 station Green Line, the longest light rail project under construction in North America. The first section of the Green Line is scheduled to open September 14, 2009.

Altogether, the Green, Orange and Blue line projects are expected to add 60,000 weekday passenger trips, nearly doubling ridership on the DART rail System.

 

View comments or post a comment on this story. (0 Comments)

More News

Metro-North employees commended for saving colleague’s life

Jeff Ballard, a Brewster Yardmaster took his colleague’s pulse and recognized that he was having a heart attack.

Dozens of teens storm BART train, rob passengers

The incident happened at 9:30 p.m. Saturday at the Coliseum Station in Oakland aboard a Dublin/Pleasanton-bound train.

Sunrail explores other modes for proposed airport link

The high cost of heavy commuter rail trains is the reason for the debate.

Alstom delivers first metro cars for additional Panama fleet

Alstom will also upgrade the existing signalling and power supply infrastructure, required to run the extended fleet with five cars per train.

New York MTA expects new subway cars to begin service this year

Originally expected to be delivered in 2014, the first car from manufacturers Bombardier Transportation didn’t arrive in New York until September of last year.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close