What economic impact can be predicted with the planned improvements?
Based on growth and development forecasts along the Corridor, the Task Force assessed financial impact to the City’s general fund coffers to be between $380 million and $460 million over a period of 15 years, with primary sources being additional property taxes (separate from the increased special assessment), impact fees, and construction sales/use taxes. Studies by the Portland Development Commission indicate that property within 100 feet of the streetcar line increased in value at more than double the rate of other downtown properties for the first few years after streetcar implementation.
