Transit Begets Transit


Or so is the hope of some in Charlotte, NC. Apparently, Charlotte’s light-rail network has been so effective at bringing on a development boom that some are now worried that the skyrocketing property prices are discouraging small businesses from opening up. Streetsblog covers the story today, picking up on a posting on the Overhead Wire. Here’s an excerpt:

You want to know why that property becomes so valuable? Because it is scarce! Contrary to popular belief, there is not enough supply of urban housing to meet the demand, so the speculators come in and jack up the prices…So if regions are feeling for local businesses and the skyrocket land values around transit, the escape valve that creates greater opportunities in places that want to change is to build greater transit networks. More escape valves means greater distribution of different development and less pressure and speculation.

This makes me wonder how the housing market is doing in Charlotte right now. Anyone have any good resources/links on this?

About Beata Bujalska

Beata Bujalska is the former Campaign Coordinator for Renew Lehigh Valley. She currently lives in Panama, a place that fascinates her due to (among other reasons) its recent development boom.

Posted on September 23, 2010, in Neighborhoods, Public Infrastructure, Transportation and tagged , , . Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: