I thought about posting this in the 'Union Station' topic, then decided it should be separated from the debate about the rail yard.
Anyway, here's a story from Arizona about the impact light rail planning has had in Phoenix, Tempe and Mesa.
Quote:
Light rail is six months from operation, but the transit system's impact on the Valley's real-estate market has been in full swing with new condos, office buildings and mixed-use developments rising throughout metro Phoenix
...
Critics, however, say that the transit system has put a burden on taxpayers and that construction of the line has shut down businesses.
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More here.