A better way to do this is tax increment financing. The taxes on nearby properties will go up regardless because the value of the properties will increase. They

A better way to do this is tax increment financing. The taxes on nearby properties will go up regardless because the value of the properties will increase. They shouldn't be charged a higher rate, but a portion of the increase in tax revenue should be put back into supporting transit. http://en.wikipedia.org/wiki/Tax_increment_financing http://en.wikipedia.org/wiki/Tax_increment_financing