Streetcars to Bring Forecasted $8BN in New Development

January 28, 2014

The initial $1 billion, 22-mile streetcar system in the District begins with the 2.4-mile H Street/Benning Road line, running along Second St NE and H Street NE. Streetcar proponents anticipate the introduction of service will attract additional investment to these corridors. The District’s Office of Planning expects up to $8 billion in new development within 10 years after completing work on the eight planned streetcar lines. District officials forecast demand for office space would increase by 3 million square feet and retail space by an additional 1.3 million square feet, supporting up to 1,200 net new households in the District each year. (Post)

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