DENVER-FasTracks, the $4.7-billion transportation initiative, was approved by metro-area voters on Tuesday night. The measure was supported by Mayor John Hickenlooper and New Urbanism-style developers who believe that it will mean millions of square feet of new high-density, Smart Growth, transit-oriented developments along new light rail lines.

The project will take 12 years to complete. It will provide new lines linking Downtown to every direction, including one to the Denver International Airport. That line likely will be a diesel line on heavier track, not a light rail line.

Gov. Bill Owens opposed it, noting that it would not cut the overall commute times throughout the metro area. The tax is too high to justify the measure, he contends.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.