It looks like we finally will see the development for Columbia Pike Streetcar whenever the funding gets distributed. I keep my expectation low for now because there's been too many projects on the book that haven't seen the light yet, due to funding.
The funding package for the street car was among the top projects approved by Northern Virginia Transportation Authority. Via Washington Post.
Plans to build a Northern Virginia streetcar network, once considered fanciful, received a major boost last week, when officials unanimously voted to give the project its first big infusion of funding.
The project is estimated to cost $138.5 milllion. Arlington County hopes to pay the revenue by itself from new development.
In light of development, everyone is talking about economic development, i.e. revitalization, in a down market. This project may well lift -- the hardest hit hood in Arlington due to subprime -- the much needed economic boost. The southern part of Arlington [area around Columbia Pike] is one of the last affordable hoods inside the Beltway.
