Governors call for a rail corridor along I-81

photo by jurvetsonBob Riley, Haley Barbour, Ed Rendell, Phil Bredesen, and Bob McDonnell -- governors of Alabama, Mississippi, Pennsylvania, Tennessee, and Virginia, respectively -- call on the federal government to help fund the Crescent Corridor, a 2,500-mile rail route stretching across 13 states from New Jersey to Tennessee and Louisiana. Besides relieving traffic congestion, the governors cite projections that say the Crescent Corridor project will create 47,000 jobs by 2020 and 73,000 by 2030.

More jobs will lead to a more robust housing market -- great news for homeowners worried about the value of their property. Less traffic congestion would make the areas surrounding the proposed rail line more attractive to new residents, which could also have a positive impact on home prices.

 

Read more in The Washington Post....

Posted on Friday, March 26, 2010 - 1:58pm