Does New Public Transit Increase Gentrification and Lower Ridership?
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click on image to enlarge. Credit: Dukakis Center Smart Planet points us to a report ( PDF here ) from Dukakis Center for Urban and Regional Policy at Northeastern University that concludes that new transit can lead to gentrification. My first response was well, duh, isn't that the point? It has always been a rule in real estate development that investment follows infrastructure; if you build good transit and fix roads, people will come. Density will increase. Taxbase will improve. Is this not the return on investment that planners want? Is this not a good thing? Apparently some think not, because there are unintended consequences.... Read the full story on TreeHugger