Dr. Stephen Fuller is the most respected expert on the Washington, D.C. regional economy and the head of George Mason University’s Center For Regional Analysis. Dr. Fuller’s scientific research shows the Dulles Rail Project will help transform Loudoun from a bedroom community with the region’s highest property tax rate to a dynamic, smartly planned, commercially vibrant community with higher-paying jobs and a lower tax taxes on residents.
Some of Dr. Fullers findings about how the Dulles Rail project will benefit Loudoun are (Click here to read Dr. Fuller’s full report):
- The County will reap $25 billion in additional economic activity, more than 11% higher than without MetroRail;
- 40,000 additional paying professional and business services jobs;
- Highly paid professional and business services jobs grow from 18.5% of all Loudoun jobs in 2010 to 30% by 2030
- The Gross County Product will grow from $21.3B in 2010 to $80.7B in 2030 to $132.8B in 2040;
- Average salary offered by a job in Loudoun County will almost double by 2030 from $49,999 to $91,477.
“Loudoun has a unique, once-in-a-century opportunity to invest in a strong economic destiny. Without rail, the County will, hopefully, continue as is.” – Dr. Stephen Fuller, George Mason University.
Updated Market and Fiscal Impact Analysis
A financial analysis of the Dulles Corridor Rail Project shows that the Silver Line to Loudoun County will generate nearly $400 million in gross revenues for Loudoun County over 20 years, more than offsetting the costs to the County for building and maintaining this crucial investment in Loudoun’s transportation network. Read more
Parking Demand Study
A County-commissioned study shows strong demand for the Dulles Corridor Metro Rail in Loudoun County, with an estimated 11,500 daily boardings at Loudoun’s two proposed train stations. Read more
Rail to Loudoun as an Economic Development Generator
- Rail to Loudoun will accelerate the rate of investment in development (commercial and residential) in the station areas and substantially increase the value of Loudoun real estate tax base for the next several decades.
- Metrorail boosts property values within ½ mile of station – 27.9% of region’s tax base is on 4% of its land *
- Demand for locations near Metrorail produces additional property tax revenues –regionally $3.1B within ½ mile in 2010*
- Rail stations produce jobs – 54% of all regional jobs are within ½ mile of rail stations*
- Arlington has 48% of its real property assessed value along its 2 transit corridors (11% of the land area)
- Rail stations produce private investment and improved infrastructure
- Businesses locate near Metro because it expands the pool of potential employees and customers
- Increased tourism demand brings clean jobs and greater lodging tax revenues
- Development is typically of a higher quality/value around rail stations.
- Fixed-rail encourages investment in high-quality station area development, generating higher tax revenues, transit ridership and transit revenues.
- Loudoun has approved two Transit-Oriented Developments (TODs) at the 772 station and one at the Route 28 station that create attractive communities providing a broader range of office and housing product type . Several more TODs are being planned at the Route 606 station.
- The increased value of TOD will help achieve economic development objectives and reduce tax burden on residents
- TOD serves the changing market preferences and lifestyle choices of an increasingly diverse population
- TODs are highly attractive for tourism purposes. Hotel guest prefer the moix of walkable uses, as well as rail access to regional attractions.
- TOD creates increased economic activity, resulting in higher revenues for state and local governments (sales, real property, personal income and corporate income taxes, and recordation fees).
- Increased real property tax revenues from TOD reduce the property tax burden on individual households
- Use of transit can significantly reduce household expenditures on transportation
- Travel-time savings provide economic benefits, including reduced energy consumption
- Reduced costs from accidents (personal injuries, property damage, and fatalities) Reduced need for destination parking
Rail Enhances Quality of Life
- Provides a high-quality transportation choice
- Allows for growth while minimizing carbon footprint.
- Improves air and water quality
- Reduces commuting time as the Dulles corridor grows more congested
* WMATA Study November 2011, “Making the Case for Transit: WMATA Regional Benefits of Transit”