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All this chat about the Atlanta Streetcar Project finally caught my attention. So I had a look at the project webpage. The latest estimated capital cost for this 2.7 mile project is just north of $98.9 million, which is a $6.2 million boost from the original projection. The project is being funded with federal and city or city associated monies. The project sponsors are finalizing an operating budget. If construction monies were borrowed at the U.S. Treasury long bond rate, the cost of the project, including debt service, which would be capitalized, would be approximately $147.9 million or $54.8 million per mile.   The project sponsors claim the streetcar will improve better transit connectivity, accelerate economic development, improve the environment and enhance the infrastructure. Unfortunately, quantification of the benefits is vague.  The sponsors cite the economic benefits streetcars supposedly generated for Seattle and Portland, as well as some high level but non-quantified benefits that supposedly will pop up by 2030 along the streetcar route. Proponents of these projects, including the Dallas Union Station to Oak Cliff Streetcar, claim that similar projects have generated significant development along the routes.  What they don't say is that in high growth cities like Portland, Seattle, Atlanta, Dallas, etc., the developments would have occurred anyway, although it may have been in different areas of the city.
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