Today, the DC Office of Planning published its "Streetcar Land Use Study," looking at the land-use opportunities and impacts of the proposed 37-mile network of streetcars throughout the District (except there is no streetcar proposed for the dense Wisconsin Avenue corridor). It's a very interesting and detailed study, with several maps and graphics. Among other interesting findings are:
* Currently 22,000 DC households are within 1/4 mile of a metro station. The completed streetcar network will increase this to 95,000 households that live within 1/4 mile of a streetcar or metro-rail station.
*"The increases in real estate values and development that the streetcar could spur over a ten-year period-- looking only at land within a quarter mile of new routes-- would exceed the projected cost of creating the system by 600% to 1,000%."
*"Strengthens real estate values by adding $5 billion to $7 billion to the value of existing property and sparking an additional $5 to $8 billion in new development in the ten years after completion—in the corridors alone. These benefits extend across housing, commercial, and retail markets and apply in varying degrees to every streetcar corridor."
*Increases revenue to the District by strengthening the real estate market, adding new residents, and producing greater sales-tax receipts. Together, these sources would likely generate between $238 million and $29ı million in annual new revenue within ten years of completion of the system.
Here is the link for the study:
http://planning.dc.gov/DC/Planning/P...een%20View.pdf