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.
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.