High-speed rail, should a city get dragged kicking and screaming into getting a station, should boost local real estate. According to Reconnecting America, new rail increases property values— near newly announced station areas in L.A. commercial property values rose 78 percent, compared to 38 elsewhere. Meanwhile, a high-speed rail advocacy in the U.K. has this to say: “It is clear that high-speed train services … can serve as a major factor in the development of city economies, supporting city development plans and the regeneration of rundown areas.” Transbay Terminal neighbor Millennium Tower should be pretty stoked. [Forbes]
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