The Salt Lake City area's popular TRAX light rail was showcased in an article in The New York Times on Sunday. The article, by reporter Keith Schneider, describes how light rail is leading to a transit-oriented development boom of reasonably priced housing in the Salt Lake suburbs:
Mary Ann Downs, 22, an interior designer, moved into her $193,000 three-bedroom home at Waverly Station in February. Ms. Downs is happy to be near the TRAX system — she plans to use it this spring when the light rail connects to the new commuter line — and she also likes her neighbors.
One of them is David Bailey, 28, who works for a jewelry dealer. He bought a two-bedroom home for $205,000. He said access to the TRAX line, which he rides to basketball and football games downtown, played a part in his decision to buy. “I really feel as gas prices go up, homes near public transportation will increase in value,” he said.
Read more here. Thanks to Zach for the tip.