As cities develop their downtown cores to include more mixed uses and grow vibrant centers of business, Portland’s model for streetcar development is being looked at by city planners around the world. Though not new, using streetcars to spur development by providing subsidies and tax breaks are a part of what the City of Portland did to launch our popular streetcar line:
Portland’s streetcar system attracts about 12,000 daily riders at an average ticket cost of $1.47. Its creators credit it with $3.5 billion in surrounding development, including shops, restaurants and 10,000 new housing units.
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