[geeksam]

Interesting. Here in Portland (Oregon), we actually have the reverse policy: property tax exemptions for housing units within some arbitrary distance of a light-rail line. [Link: http://www.pdc.us/housing_services/programs/financial/transi... ]

Of course, that policy is probably aimed at encouraging higher density, not at improving our transit agency's bottom line... but it does also create a natural customer base for the light rail system.