High-Speed Rail Could Be Boon For Bay Area Business

credit: California High-Speed Rail Authority (image in public domain)

The decision to start the state's high-speed rail network in the Bay Area, as opposed to SoCal, could boost the area's economy.

While the project will eventually need to connect to Los Angeles and elsewhere in SoCal to fully realize its benefits, the decision to start with the San Jose-Fresno-Bakersfield portion was driven mainly by high construction costs through the mountains and some political opposition in SoCal. Five parts of the system are already under construction or soon will be thanks to a nearly $10M state bond issue and $3.4M in federal funds, according to the San Francisco Business Times.

The added public transportation in the next decade could attract businesses, spur development and ease employee commutes into Silicon Valley from elsewhere. Trains will reach from San Jose to San Francisco using Caltrain's route, and the system is expected to be ready for riders by 2025. [SFBT]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

Denver Public Schools' $11M Centennial Hall Purchase Marks Rare Land Sale For ULC

Brandywine Plans To Sell $200M Worth Of Properties In 2027

Pennsylvania Reveals Draft Map Of Areas To Benefit From Opportunity Zones 2.0

Cresa Taps Nathan Knowles As Atlanta Market Leader

Developer Of $3.8B Atlanta Project Discloses $19M Accounting Error

Inter Miami Stadium Subcontractors Sue Over Millions In Unpaid Work

Meet The Women Pushing Boundaries In UK Development

Elecor, Formerly Paramount Group, Gains New Muscle With Rithm In Its Corner

Despite Foreclosure Litigation, Kaufman Astoria Studios Is Bouncing Back

High Street Residential, Barings Break Ground On 501 Apartment Units In Redwood City

How Flash Is Turning Parking Into A Performance Asset For CRE Owners

California Governor Candidates See Different Solutions To State's Housing Troubles