The streetcar is a particularly stong economic engine, according to a presentation at the recent Railvolution conference in Chicago. Among the findings:
- Little Rock, Ark., opened a 2.5-mile route in 2004 at a cost of approximately $20 million and already has experienced more $1.2 billion in new development.
- Tampa's 2.3-mile, $56 million streetcar system, opened in 2003, already has leveraged $1 billion in private investment.
- Tacoma's $89 million streetcar system, opened in 2003, already has generated nearly $1 billion in redevelopment.