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Because then you would get NIMBYism against train stations. While the asset value might go up, that could hurt cashflow for a lot of people. Anyone who wants to
by MattGaiser 6y ago
Because then you would get NIMBYism against train stations. While the asset value might go up, that could hurt cashflow for a lot of people. Anyone who wants to live there for a long time should oppose the higher tax or the train station as they don't benefit from the asset appreciation.
- lumost 6y agoThe majority of new stations get built in purpose designed "transit oriented development" e.g. where housing and amenities for 10k+ residents are built at one point in time. Major Boston examples include the Seaport District and Assembly Square. Seaport: http://www.bostonplans.org/projects/development-projects/seaport-square http://www.bostonplans.org/projects/development-projects/sea... Assembly Square: https://en.wikipedia.org/wiki/Assembly_Square#Marketplace_history https://en.wikipedia.org/wiki/Assembly_Square#Marketplace_hi...