Wednesday, 26 November 2008

It has become conventional wisdom to the effect that the presence of a railway line incurs an economic benefit in the form of an increase in property values and if it were to be removed there would be a decrease in property values.

If an urban transit system ( rail) never earned an operating profit, it would pay for itself a thousand times over through its beneficial impact on real estate values and increased assessments.

Toronto (Canada) Real Estate Board

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