High-Speed Rail Means Real Estate Boom

Peter Gertler of HNTB says that the Obama administration's high-speed rail investments will attract new development around stations.

"[W]e can predict that development of all kinds [will] follow transit lines, especially in large, modernized cities where primary hubs will be located, but also in communities with intermediate and suburban stations.

These new stations could draw a mix of both commercial and residential developments. These mixed-use land developments, or "transit villages," would be enhanced by user-friendly features such as bike trails and walking paths that encourage a live-where-you-work environment that minimizes the need for auto dependency.

In addition, with high-speed rail stations as their anchors, these transit village developments would create a sense of community and vitality with a scope and character unique to the city and its environs."

Full Story: Trains And The City

Comments

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

The Planetizen Guide to Graduate Urban Planning Programs is the only comprehensive ranking and listing of graduate urban planning programs available.
Starting at $24.95