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Portland, Oregon From its inception, the Portland Streetcar was seen as a redevelopment tool. The $89 million streetcar line, opened in 2001, has sparked over $2.5 billion in new development. The Pearl District, located along the streetcar line within a designated redevelopment area, is considered one of the nation’s most successful new urban residential and retail neighborhoods. Residents can walk out of their homes in the Pearl District and catch the streetcar downtown to shop, work, connect with light rail to the airport, or to attend class at Portland State University. Market Street Railway, San Francisco Over the past 20 years, the historic streetcars have brought substantial economic benefits to San Francisco’s downtown and waterfront areas. The streetcars are one of the City’s top tourist attractions, carrying more than 21,000 riders per day from the waterfront, Fisherman’s Wharf, Civic Center, Upper Market, and the Castro District. They have also attracted new investment, such as the revitalized Ferry Building. Tampa, Florida In Tampa, the 2.5-mile TECO line has stimulated over $600 million in public projects and $700 million in private investment since 2002. The streetcar line has spurred redevelopment of the Channelside District and reenergized Ybor City, Tampa’s historic Cuban quarter. Channelside is now converting warehouses to lofts and developing new mixed-use projects, including high-rise residential towers. Mixed-use and entertainment venues are providing exciting destinations that complement the Florida Aquarium, the hockey arena, the Cruise Port, and the Convention Center – all linked together by the streetcar. (Back to top)
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