Downtown/Riverfront Streetcar Economic Benefits Study
Client: Sacramento Area Council of Governments
Location: Sacramento Region, CA
Strategic Economics was retained as part of a team led by Fehr and Peers to conduct a detailed analysis of the economic benefits of the Downtown/Riverfront Streetcar, a joint project of the cities of Sacramento and West Sacramento, the Sacramento Area Council of Governments (SACOG), Sacramento Regional Transit and the Yolo County Transportation District. The proposed 3.3mile streetcar will connect the two downtowns, the state capitol, existing and future residential neighborhoods, shops, dining, entertainment venues and visitor destinations, including a planned major sports arena.
The methodology was specifically tailored to assist SACOG staff, City staff, elected officials, the business community, residents and other stakeholders in understanding the range of economic benefits that might be achieved from the Downtown/Riverfront Streetcar project. The analysis projected future development, property values, retail sales, hotel revenue and associated tax revenue with and without the streetcar project.
Projected Value of New Development in 2020 and 2035 (2013 dollars)