Dallas light rail expansion will bring $4 billion in benefits, says new study

As reported by the Pegasus News Wire:

"The 45-mile Green, Orange and Blue Line DART Rail expansion is projected to generate more than $4 billion in economic activity between 2009 and 2014, according to a new study by economists at the University of North Texas. Including prior Green Line expenditures, the total economic activity is more than $5.6 billion.

"The study, conducted for DART by Drs. Terry Clower and Bernard Weinstein of the UNT Center for Economic Development and Research, also determined the expansion will create 32,095 job-years of employment [or - an average of 6,400 jobs each year for the next five years]. Separately, ongoing operations of the multimodal transit agency will generate $663 million in annual economic activity and more than 5,300 jobs.

"'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,' the researchers said . . ."

DART is doubling its size to 90 miles by 2013.  Most of the economic activity is related to transit-oriented development.  The full story, with lots more facts and context is here.