Return on Investment Study
The Columbia Pike Transit Initiative project team has also completed a Return on Investment (ROI) Study (PDF) focused on the Streetcar Build Alternative.
The study reviewed a range of U.S. transit projects and surveyed northern Virginia property owners and developers to estimate the benefits of a Columbia Pike streetcar investment. According to findings of the ROI study, the streetcar would:
- Add public benefits of $252 million (2011) over a 30 year period (travel cost, travel time, improved safety, emissions avoided, and residual value)
- Increase the value of adjacent land by $126 to $315 million (2011)
- Lead to an estimated $1.0 billion (2011) of additional building stock along the project corridor over a 30 year period
- Bring additional tax revenues of $292 to $532 million (2011) over a 30 year period (assuming current tax rates)