Quote:
Originally Posted by Geographer
What has been the impact of the DART stations on nearby property values?
|
From Dart's site (dart.org):
https://www.dart.org/about/economicimpact.asp
https://www.dart.org/about/economicd...anuary2014.asp
"....New developments occurring within 0.25 miles of a DART station since just before the opening of the starter system in 1996, through early 2013 totaled more than $1.5 billion in valuation, compared to roughly $600 million in comparable control areas - a difference of $932 million (see Table ES1)...."
"...Estimated tax contributions for new development occurring near DART stations exceed $36 million annually, which is more than twice the $14 million estimated in the control group areas...."
https://dartdallas.dart.org/2016/10/...onomic-growth/