logo
  • logo
  • Trip
      Trip Planning
      • Plan Your Trip
      • Service Alerts
      • Service Change
      • Severe Winter Weather Operating Plans
      • DART 41411 SMS Service
      • DART to Airports
  • Guide
      Transit and Use
      • Schedules and Maps
      • Transit Services
      • DART Bus Service
      • DART Rail System
      • Trinity Railway Express -TRE
      • GoLink
      • Paratransit Services
      • Dallas Streetcar
      • M-line Trolley
      • West Dallas Shuttle 
      • Park & Rides, Transit Centers & Transfer Locations
      • Vanpool
      Supporting Services
      • Accessibility
      • Mobility Ambassador Program
      • Bikes and DART
      • Rider Assistance Program
      • Park and Rides
      Safety and Security
      • Passenger Guide to Safety and Security 
      • Get Help (Safe Place program)
      • Safety and Security
  • Fare
      General Fares and Overview
      • Fares
      • Fare Citations and Policies
      • Discount GoPass® Tap Card
      • Reduced Fares
      • Group and Advance Sales Fares
      • Employer Pass Program
      • DART Higher Education Pass Programs
      • Day Pass Voucher Application
      • Free Phones
  • About
      About DART
      • About DART
      • Board Members
      • Executive Staff 
      • DART Scorecard
      • DART Police
      • Belonging and Civil Rights
      • DART Sustainability Program
      • DART Station Art
      • Fixed Route Schedule
      Doing Business
      • Procurement
      • Advertising And Sponsorship
      • D/M/WBE Programs
      • Unsolicited Proposals
      Plans, Projects, and Initiatives
      • 2045 Transit System Plan
      • Capital Projects
      • Mobility Plus Program
      • Transit-Oriented Development 
      • Planning Studies and Reports
      News and Events
      • News Releases
      • Events
      • Transit Education
      • Commercial Photography and Filming on the DART System
      • SLRV
      Public Access Information
      • Financial Information
      • Board Meetings Information
      • Community Connections
      • Right of Way Information
      • Reports and Policy Information
      • The Public Information Act
      • Internal Audit
      • Legal Notices
      • Coronavirus Information
      • Digital Library
  • Careers
  • Help
  • Contact Us
  • language
    Home About News and Events News Releases News Release Detail

DART News Release

arrow_back_ios Back to News Releases
Jul 23, 2020 | General
DART Rail Generates $10.27 Billion Near Rail Stations

Media Relations Contact:
Gordon Shattles
Mark A. Ball

July 23, 2020

DART Rail Generates $10.27 Billion Near Rail Stations

View a printer-friendly
PDF version of the study:
The Economic and Fiscal Impacts of Development near DART Light-Rail Stations
(PDF file
opens in a new window)
A new study looking at construction near Dallas Area Rapid Transit (DART) light rail stations shows just how productive and important it is to the overall North Texas economy, generating billions of dollars in revenue, taxes and jobs.

Researchers from the Economics Research Group at the University of North Texas (UNT), led by Michael Carroll, Ph.D., reviewed 81 development projects completed within a quarter mile of DART stations with a total property value of $5.138 billion between 2016 and 2018.

"The projects themselves added billions in economic activity for the DFW economy," explained Carroll. "Further, these projects will serve as a catalyst for future economic growth. As the economic landscape fills in around the initial projects, we will see growth in a wide variety of sectors."

UNT Researchers concluded:
  • The total economic impact of the projects created $10.27 billion for the DFW economy and 61,017 construction jobs.

  • The projects generated $286.4 million in state and local tax revenue.

  • Projects within a quarter mile of the Downtown Dallas to Bishop Arts streetcar route saw $200.7 million in development with a corresponding economic impact of $454.7 million.

  • The streetcar projects created 2,701 jobs over the period and generated $12.6 million in state and local taxes.

  • Properties surrounding DART stations rent for substantially more than surrounding projects. Residential properties have a 17.9% rent premium and commercial and office space have premiums of 23% and 5.8% respectively.
"The trend to develop communities and activity centers near rail stations is one that extends across the nation," said Gary Thomas, President/Executive Director at DART. "Connectivity and multi-modal access are increasingly important in a Texas that is rapidly urbanizing - this is especially true in the Dallas/Ft. Worth region."

DART's 93-mile light rail system, with 64 stations, is the longest light rail system in North America and was built at a cost of $5.5 billion.

The most recent light rail expansion project was the SOC-3 Blue Line Extension from Ledbetter Station to UNT Dallas, which opened in October 2016. Recent focus has been on system enhancements such as rail replacement in the Dallas Central Business District (CBD) completed in 2019, and Red/Blue platforms extensions, which are under construction.

'The Economic and Fiscal Impacts of Development Near DART Light-Rail Stations' is available for download along with more information about DART and transit oriented development at DART.org/EconomicDevelopment.

-- 30 --

Sign Up for Alerts Just for You!

The best way to stay up to date on service alerts and other DART-related news and information is to register for My DART Updates.

Subscribe

Contact Us Today!

1401 Pacific Ave, Dallas, TX 75202

call  214-979-1111

Customer Service Information is available 7 days a week : 5 a.m. to 12 a.m.

Holidays: 8 a.m. to 5 p.m.

Closed on Thanksgiving Day and Christmas Day

 

  1. Careers
  2. Contact
  3. Privacy Policy
  4. Legal
  6. Powered by Google Translate Translate
Hidden Utility Section
Search widget for navbar
© 2023 Dallas Area Rapid Transit
  • DARTable
  • DARTdaily
  • DARTzoom
arrow_upward