A new study by the Economic Development Research Group released today by the United States Conference of
Mayors found that high speed rail projects in the U.S. would be a
substantial job creator and economic generator.
Four regions were selected for the study: Los Angeles, Chicago, Orlando, and Albany. According to the report, “by 2035, HSR can add roughly $255 million in new spending in the Orlando area, $260 million in the Los Angeles area, $50 million in the Chicago area, and more than $100 million in the greater Albany area.”
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As for the methodology, here’s how the executive summary describes it:
This study does not seek to take positions regarding specific alignments, stations, speeds or development time frames. Rather, it recognizes that the nature of high-speed rail service may evolve over a period of several decades as initial high-speed rail lines are upgraded and extended, and new services are introduced. Thus, the scenarios examined here are intended to span the full range of proposed and potential future rail service characteristics — including both 110 mph and 220 mph high-speed rail service.
To read the full, original article click on this link: New Study: High Speed Rail Will Create Mucho Jobs » INFRASTRUCTURIST
Author: Melissa Lafsky
