Trains attract Gen Y, and thus jobs. The ROI is huge.
Recently Sue Haig, a spokeswoman for a new light rail line in southwest Minneapolis, noted that in coming up with the details of the $1 billion plus line, that saving a few hundred million dollars is not the only consideration in planning the route's details.
These smart planners instead are looking at ROI. And the return on investment is jobs, estimated to be 80,000 NEW jobs over the next 30 years. As Haig correctly stated, the light rail line is "vital to the region" and will "increase prosperity."
This is a turning point: government and business leaders are now understanding that the initial investment will reap enormous benefits in jobs and economic prosperity. In this century, there will be winning cities and losing cities. The winning cities are building light rail and trains now.