Transit-oriented developments in the Dallas area are generating significant economic benefits, including bringing in nearly $1 billion in direct spending and creating thousands of new jobs.
This is according to a study conducted by the University of North Texas Economic Research Group that examined the impact of real estate development projects near Dallas Area Rapid Transit (DART) light rail stations. The findings support the view among economists and real estate developers that transit-oriented developments could be a boon to economic vitality in communities where they are built.
The Federal Transit Administration has endorsed transit-oriented development, saying "dense, walkable, mixed-use development near transit attracts people and adds to vibrant, connected communities." The agency has made grants available to spur transit-oriented development.
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