Thanks to Josef Flaschner for alerting us to this article @WSJ about real estate opportunities connected with the expansion of passenger rail http://ow.ly/zRXMC. We’ll be exploring – and explaining – the rural and small-town opportunities created by passenger service from New York to Pittsfield.
“Transit agencies in the U.S. looking to expand rail lines are getting into the real-estate-development business to raise revenue…. / The move by transit agencies comes as numerous passenger rail systems have expanded in recent years. Passenger railways covered more than 10,300 miles in 2012, compared with 8,864 miles in 2000, according to the National Transit Database. Railway systems in cities such as Dallas, Denver and Washington are leading this growth. / Rail ridership is also increasing, up to 4.8 billion in 2013 from 3.4 billion a decade earlier. Passenger rail lines are becoming more popular as more people opt for downtown living where they are less dependent on cars.” Read the full article: http://ow.ly/zRXMC.