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Rail News: Passenger Rail

Study shows DART stations increase value of nearby properties


Results from a recent University of North Texas study show the value of properties located near Dallas Area Rapid Transit stations increased more than values of non-rail-served properties.

Office properties near suburban DART stations increased value an additional 53 percent and residential properties near DART stations increased value an additional 39 percent compared with similar properties not served by rail.

The study compared values of 3,924 properties located within a quarter-mile of 23 DART stations with 4,898 comparable non-rail-served properties.

The study is "another demonstration of the value of our region’s investment in transit, said DART President/Executive Director Gary Thomas in a prepared statement. "Rail does more than just move people from point to point — it stimulates new jobs, opens new destinations, creates economic opportunity and in all of those things raises the quality of life in the region."

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More News from 1/29/2003