Light Rail & Hoboken Real Estate
One Hoboken411 reader sent in this link from the NY Times, and was wondering why they labeled the Light Rail in the NW area of town “smart development.”
- Do you ride the Light Rail?
- Do you feel it’s had a positive impact for the city of Hoboken? Either for residents, or local business?
- What, if any, are the downsides of having this system in our city?
While I agree that it has helped areas like Union City (cheaper property costs), I’m not 100% sure what the overall impact in Hoboken has been.
Some excerpts from the article:
– “Along its route, the system has increased the mass transit ridership, improved the environment, spurred creation of businesses, bolstered property values and tax revenues, opened up employment opportunities and engendered a “fresh, emerging sense of place,”
– “New Jersey’s light-rail line was becoming a “national showcase” for other regions looking to spur transit-oriented development and “smart growth.””
– “Jamie Lefrak expressed amazement that the light rail was ever built. “We established a route through what were essentially fallow areas,” he said, using a more genteel term for stretches that Mr. Lefrak described as “places most people would not want to go.””