On this episode, there is a new police chief in town for a day, we explore Arlington’s amazing public art program, Courthouse Square gets one step closer to a major update, Metro’s silver line heads into Arlington, and major improvements to several parks and neighborhoods thanks to the Capital Improvement Plan.
The streetcar will encourage private investment and development along the Pike, including more housing. We have put in place innovative financing and planning incentives to preserve existing affordable housing.
We expect the Columbia Pike streetcar to yield $3 to $4.2 billion in new real estate value for Arlington and Fairfax over 30 years, and attract more than 6,000 new jobs within 10 years of the start of construction.
The County has put in place innovative financing and planning incentives to ensure that the Pike’s affordable housing, and rich diversity, are preserved.
METRO and smart growth are our legacy. Streetcars will fulfill the Main Street vision for Columbia Pike, just as METRO transformed the Rosslyn-Ballston corridor.
A large, comfortable, workhorse vehicle, the streetcar will attract riders. Each streetcar vehicle can hold 100% more passengers than a standard Metrobus.
We estimate that streetcar, over 30 years, will generate $1.26 billion in new tax revenues. That means more money for schools, infrastructure, affordable housing and other services.