“Streetcar,” says Donohue. “It will make development in Over-the-Rhine happen. I think it’s cheaper than subsidizing every single unit in the neighborhood.”Now we all know that transportation investments create the impetus for investment in suburbs or cities. In the case of the streetcar, it will increase the pedestrian shed and create demand for greater density. But this comment seems out of whack to me. I can't quite place my finger on it but there is something not right about the inference that it might be an option to subsidize every unit explicitly. As if all urban development needs to be subsidized to happen. Maybe if they didn't have to build so much parking.
Tuesday, May 26, 2009
Cincy Streetcar blog has had some interesting quotes lately: