Tysons Will Need $15 Billion for Roads and Transit

Attempts to remake Tysons Corner into a city will take much more work and funds, according to the Washington Post.

At first look, creating a new Metro line and adjusting the skyline, but a second look shows that it will also require $15 billion in new roads and public transportation.

The change could draw more businesses, create new jobs and bring new residents into the area. All of these are great for boosting the local economy and the real estate market.

"Remaking Tysons Corner into the second city of Washington will take a lot more than a new Metro line and a downtown of tightly clustered buildings designed for walking. It will take almost $15 billion in new roads and public transportation.

That jaw-dropping sum, a preliminary estimate released by Fairfax County planners this week, will be crucial to a redevelopment that envisions more than twice the 44 million square feet of offices, malls and housing now in Tysons -- a commercial and residential hub intended to draw thousands of new workers who will leave their cars at home. But planners fear thousands more will drive and overwhelm the area's already clogged road network."

Read the full story.

Posted on Monday, November 2, 2009 - 12:02am