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Phoenix officials cite billions in public and private investment tied to light rail
Summary
City and Valley Metro staff told the subcommittee that Phoenix and regional light rail spurred large-scale private investment and housing near transit, citing systemwide figures including a 35.5‑mile network, billions in capital investment and tens of thousands of housing units created since 2008.
Phoenix staff and Valley Metro representatives told the Economic Development and the Arts Subcommittee on Nov. 12 that the city’s light rail system has been a major factor in private-sector investment, housing growth and economic activity along transit corridors.
"We currently operate a 35.5 mile light rail system," Valley Metro's Marty Zeke said, summarizing regional metrics and reporting "just over $4,000,000,000" in capital investment on the system and "just over $20,000,000,000 in investments made along the light rail system," with roughly "$16,000,000,000" coming from private sources. He added that more than 50,000 residential…
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