According to UNT Profs, DART's the "Economic Engine Making Dallas a World-Class City"
|Click to expland the image if you actually want to peek at DART's 2030 Transit Plan|
According to the study by Terry Clower and Bernard Weinstein -- titled Economic and Fiscal Impacts of Dallas Area Rapid Transit Light Rail System Buildout and System Operations -- the 45-mile Green, Orange and Blue line rail expansion will generate more than $4 billion in economic activity between 2009 and 2014, as well as around 6,400 jobs each year for the next five years. Clower also told those gathered in the conference room that "ongoing operations" will generate $663 million in annual economic activity and more than 5,300 jobs -- not so bad at a time when the local unemployment rate is more than 7 percent.
"We see these as exciting opportunities," Clower said. "DART continues to be the economic engine to make Dallas a world-class city." A brief excerpt from the report:
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. In previous research we have documented the impact of light rail stations on transit-oriented development and the resulting benefits realized by local taxing jurisdictions. In addition, we have shown how DART's capital investments and operating spending contribute greatly to local economic activity and support thousands of local jobs.