Redevelopment (Downtown/Over-the-Rhine):
- up to 1,135 new housing units
- average annual value added of $32 million
- 90 acres of underused property primed for redevelopment
Development of vacant lots (Downtown/Over-the-Rhine:
- up to 7.4 million sq ft of new office/retail
- average annual value added/year of $112 million
- 14-to-1 economic impact to cost ratio –equates to $1.4 billion in economic impact
- Potential redevelopment of 92 acres of existing surface parking lots along the route
Source: Cincinnati Streetcar Feasibility Study, HDR Decision Economics, November 15, 2007