METRO Magazine Logo
MenuMENU
SearchSEARCH

$8.2B invested along 20 miles of Valley Metro light rail

Economic development within one-half mile of the system has been stimulated by ridership that has exceeded original projections. Valley Metro began compiling development activity since construction started in 2005 as part of an economic development database.

July 29, 2015
$8.2B invested along 20 miles of Valley Metro light rail

Photo from left to right: Phoenix Public Transit Director Maria Hyatt, DeSoto Market owner Shawn Connelly, Phoenix Vice Mayor Daniel Valenzuela, Phoenix Community and Economic Development Director Christine Mackay, Phoenix Mayor Greg Stanton, Phoenix Councilmember Kate Gallego, Glendale Councilmember Gary Sherwood, Tempe Mayor Mark Mitchell and Valley Metro CEO Steve Banta.

1 min to read


Photo from left to right: Phoenix Public Transit Director Maria Hyatt, DeSoto Market owner Shawn Connelly, Phoenix Vice Mayor Daniel Valenzuela, Phoenix Community and Economic Development Director Christine Mackay, Phoenix Mayor Greg Stanton, Phoenix Councilmember Kate Gallego, Glendale Councilmember Gary Sherwood, Tempe Mayor Mark Mitchell and Valley Metro CEO Steve Banta.

From restaurants to residential development, more than $8.2 billion in private and public capital investment has been built near the initial 20-miles of Valley Metro light rail that extends from Phoenix and Tempe into Mesa, Ariz. Another $346 million in commercial and residential building is being planned, most of that from private developers.

“Big things are happening in Phoenix because of light rail, and big things are going to continue to happen,” said Mayor Greg Stanton. “Light rail has been transformative for our downtown and our economy. With it we’ve linked jobs, education, arts and culture in a way that would not have been possible otherwise.”

Ad Loading...

Phoenix and Tempe mayors made announcement at Phoenix’s DeSoto Central Market, an adaptive re-use bar, market and food court that intentionally chose their site due to proximity near the Roosevelt/Central Avenue light rail station.

Economic Development along 20-Mile Light Rail

Number of Projects             204

Capital Investment – Private      $5,989,639,864.00

Capital Investment – Public       $2,241,737,632.00

Total Investment               $8,231,377,496.00

SF Commercial/Office           10,327,168

SF Public                     938,737

SF Education                   4,698,902

SF Residential                 5,666,863

# Residential Units               15,328

# Affordable Units               1,300

# Hotel Rooms                 2,948

Economic development within one-half mile of the system has been stimulated by ridership that has exceeded original projections. Valley Metro began compiling development activity since construction started in 2005 as part of an economic development database. The original $7 billion investment had included projects that were proposed. The updated $8.2 billion includes projects completed or under construction. With the 3.1-mile Central Mesa

Extension set to open in less than four weeks, there is an added $90 million in private and public development that occurred since construction began in June 2012.


More Rail

A rendering of Trinity Metro's future station at the Medical Center
Rail•by Alex Roman•October 30, 2026

Trinity Metro Breaks Ground on $270M TEXRail Extension

The 2.1-mile extension will connect Fort Worth’s Medical District and Near Southside to downtown, surrounding communities, and Dallas-Fort Worth International Airport.

Read More →
Austin Light Rail rendering from UT perspective
Rail•by Alex Roman•October 30, 2026

Bringing Austin’s First Light Rail System to Life

Austin Transit Partnership CEO Greg Canally discusses the city's nearly 10-mile light rail project, its collaborative approach to project delivery, the importance of community engagement, and the milestones ahead as construction approaches in 2027.

Read More →
Two Metra locomotives on rail tracks.
Rail•by Alex Roman•October 29, 2026

Metra Draft Plan Outlines Costs, Service Improvements for Regional Rail

The Systemwide Network Plan identifies infrastructure needs and potential investments to expand all-day, bidirectional rail service across the Chicago region.

Read More →
Ad Loading...
METRO Magazine graphic featuring railroad tracks and switches inside a dark tunnel with the headline “Amtrak Completes First Street Tunnel Upgrades, Restores Service.”
Rail•by Elora Haynes•October 29, 2026

Amtrak Completes First Street Tunnel Upgrades, Restores Service

The nine-day construction project included replacing aging track infrastructure and modernizing switch systems near Washington Union Station.

Read More →
FRA Invests $2.3B in Rail Projects Nationwide
Rail•by Alex Roman•October 28, 2026

FRA Announces $2.3B for Passenger, Freight Rail Projects Nationwide

The CRISI Grant Program funding will support rail infrastructure improvements, safety upgrades, and projects aimed at improving freight and passenger rail service across 45 states and Washington, D.C.

Read More →
A Caltrain electric railcar on the tracks
Rail•by Alex Roman•October 27, 2026

Caltrain’s Electrification Drives a New Era of Ridership Growth

The railroad’s shift to electric service has brought more frequent trains, stronger customer satisfaction, and increased ridership, earning it APTA’s Outstanding Public Transportation System award.

Read More →
Ad Loading...
METRO Magazine graphic featuring a dark blue background with abstract curved lines and the headline “FTA Advances $164M Broward County Commuter Rail Project.”
Rail•by Staff and News Reports•October 26, 2026

FTA Advances $164M Broward County Commuter Rail Project

The proposed 10.5-mile commuter rail extension would connect Fort Lauderdale and Aventura, expanding passenger rail options in South Florida.

Read More →
An A line MTA subway car near the soon to be replaced signaling system.
Rail•by Staff and News Reports•October 23, 2026

New York MTA Launches Historic $1.9B Signal, Track Modernization Project

Funded in part by congestion pricing revenue, the project will replace nearly century-old signals along the A and C lines in Brooklyn and Queens.

Read More →
The LA Metro San Fernando Valley light rail extension corridor
Rail•by Alex Roman•October 20, 2026

LA Metro Breaks Ground on East San Fernando Valley Light Rail Project

The 6.7-mile line will add 11 stations along Van Nuys Boulevard, expand access to jobs and regional transit connections, and support Metro’s broader efforts to improve mobility as rail ridership grows.

Read More →
Ad Loading...
New Standard Helps Transit Agencies Address Climate Risks
Security and Safety•by Alex Roman•October 19, 2026

CSA Group Releases Climate Resilience Standard for Transit, Passenger Rail

Developed with support from the Standards Council of Canada, CSA D700 guides assessing climate-related risks and planning adaptation measures for transit and passenger rail systems.

Read More →