A report from the University of North Texas (UNT) Economic Research Group offers an analysis of economic activity spurred by transit-oriented development in Dallas. Marybeth Luczak outlines key findings in an article in Railway Age, noting that development around Dallas Area Rapid Transit (DART) light rail stations has generated over $18 billion in direct economic impacts since 1999. “This includes a $1.0 billion direct impact from 2022 to 2024 based on 37 development projects.”
According to the report, “Construction around DART stations in 2022-2024 generated $51.5 million in state and local tax revenue, the bulk of which ($25.4 million) was from sales tax related to construction of the projects, according to the report. Additionally, development around DART stations generated $21.1 million in property taxes, with $5.0 million in other state and local revenue from miscellaneous fees and fines.”…