Portland streetcar system boosted property taxes by 40%. Champaign-Urbana hopes to learn from Portland's success and add streetcars to its bus system, one of the most ridership-intensive in the nation.
The first modern streetcar system in the country sports modular European trams stopping at a given point once every few minutes on a loop through the center of the city just like the old days... industrial wastelands [are] filled in now, thanks to the streetcar line, with high-density apartment complexes and busy storefronts that combine to contribute to a vibrant city core...If renaissance and streetcar in the same sentence appears to be an overstatement, consider this Portland statistic: The streetcar triggered $1.5 billion in new construction along its line, boosting property taxes 40 percent"
Thanks to Abhijeet Chavan
FULL STORY: Portland´s streetcars get C-U wheels turning
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