As our city grows, the cost of real estate continues northward. This problem has tremendous reverberation as employees try to find housing that’s in-line with their earnings. The introduction of a high-speed rail to Springfield could foster a new workforce for Boston.
According to a report in the BBJ, a significant build and overhaul of existing transit systems would be necessary for the new rail system:
“the east-west and north-south routes [would] total 470 miles, and the project could require $364.5 million. The initiative would work with other separate rail projects, including the $78 million rehabilitation of Springfield’s Union Station underway now.”
The full article is available on the Boston Business Journal’s website.