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by marc_abonce
2468 days ago
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The point being made is that these areas become more expensive after the rail is built, so even if the rail passed though a lower income neighbourhood, it will gentrify in the long term. > The area around the LRT lines definitely attract investment, but if you look at who actually uses the line a few years in, it’s mostly rich people. Why? Because they’re the only people who can afford to take it – not because the fares are too high, but because real estate in the immediate walking area around stations becomes too expensive. I don't know if this is actually true, but intuitively it seems plausible. |
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