We are pleased to announce that the Midtown Greenway has received a 2014 Great Places Award from... MORE
There are many modern streetcar systems in the United States, and there are even more systems that are being studied and planned for future development. We've put together a sampling of the diverse systems that criss-cross this country; this article, Streetcar Projects Advance Nationwide Thanks to Local Initiative, illustrates just how widely-spread streetcar programs can be found!
Status: In the planning stages. Construction is planned for 2014 and completion is planned for 2016.
Route: While the final route is still being finalized, it will be approximately 3-4 miles and will connect downtown destinations like LA Live, the Convention Center, the Music Center, and Grand Avenue.
Economic Development: A report by AECOM projects the streetcar will lead to:
$1.1 billion in new development
$24.5 million in new annual spending
$47 million in new city revenue
675,000 square feet of new office space
9,300 new jobs
2,600 new housing units
3,600 new residents
Distinguishing Features: Like most streetcar systems being planned today, this project will be funded through a public-private partnership
In November 2012, downtown voters will decide whether they should create a special taxing district to help fund the streetcar. Under this proposal, property owners in the tax district would pay a tax proportional to their property’s square footage and proximity to the streetcar lines. The taxing district encompasses about 7,000 registered voters and 397 downtown acres. The measure will require a two-thirds majority to pass.