University of North Texas Economic Research Group

The State of California, through the Affordable Housing and Sustainable Communities Round 9 program, has awarded SacRT three grants totaling $25.8 million. Among the projects covered by the grants: the purchase of four new LRVs. (Screen Grab from SacRT video)

Transit Briefs: SacRT, DART, BART

California’s Sacramento Regional Transit District (SacRT) secures state funding for new LRVs (light rail vehicles) and station construction and other transit projects. Also, Dallas Area Rapid Transit (DART) celebrates the phase one-opening of a Carollton, Tex.-based transit-oriented development; and San Francisco Bay Area Rapid Transit District (BART) and 23 regional transit partners launch an electronic fare payment system.

“Every dollar generated by and within development around our light rail stations has the ability improve our cities, provide economic mobility and stability to our residents, and grow opportunity for North Texas,” DART President and CEO Nadine Lee said. (DART Photograph)

DART TOD Drives Dallas Investment

Transit-oriented development (TOD) within a quarter mile of Dallas Area Rapid Transit’s (DART) light rail stations has generated $18.1 billion in direct economic impact to North Texas over the past 25 years,

“Proximity to DART adds value to development,” DART President and CEO Nadine Lee said during her State of the Agency address. “The impact of DART light rail investments on local development shows residential and office space rent for substantially higher than surrounding projects.” (DART Photograph)

DART: TOD Driving Investment in Dallas

Transit-oriented development (TOD) in Dallas Area Rapid Transit’s (DART) service area generated more than $980 million in direct spending and spurred 10,747 jobs between 2019 and 2021, according to a recent study