A proposed development so massive that Caltrain and developer Prologis seem afraid to show people, just yet, how big the buildings would be, gets a few more renderings this week, as the transit agency submits its application for the long-discussed Railyards project. https://t.co/JucrGMG4Q5
it’s cool how building dense housing near transit solves like 5 problems at once
1) increases transit ridership + revenue
2) makes housing more affordable
3) reduces carbon emissions
4) boosts economic growth
5) raises local tax revenues
Good read on the impact of massive supply of new apartments in Austin.
Bottom line: New "luxury" apartment construction benefits ALL renters with lower rents and increased availability.
Build MORE of everything, not just Affordable Housing alone.