Strong Local Economy

STIMULATING A STRONG LOCAL ECONOMY

Beyond the jobs created by building new light rail transit, good transit connections can stimulate new local development, make workplaces more accessible to workers, increase foot traffic and customers for area businesses, and connect everyone to opportunities via the larger regional transit network.

WHAT’S AT ISSUE

The economic stakes of Central Corridor-spurred development vary up and down the line. In particular, University Avenue, from Prospect Park to the Capitol, features a mix of under-used industrial and commercial land that could benefit from revitalization — and diverse neighborhoods that could benefit from greater employment opportunities.

Wherever they’re located, businesses acknowledge that their economic success depends on good transportation access for their workers and customers. But for existing businesses along the Central Corridor Light Rail Line, it’s difficult to reconcile the long-term opportunities with the prospect of short-term disruptions they fear could jeopardize their survival. For residents, the question is whether new development will bring long-term employment opportunities that are accessible to them and can help families achieve economic success.

Anticipating future changes to help businesses adapt and do well will also benefit local residents.

What we want to achieve

• Minimize the involuntary relocation or disruption of existing businesses
• Reduce construction disruption
• Strengthen the identities, appeal and offerings of local business districts
• Encourage development that creates new job and workforce opportunities
• Encourage training that prepares people for the expanded job opportunities available via transit