The Oakland Streetcar would help fashion greater Downtown Oakland into an attractive destination to live, work, and shop.  As development-oriented transit, the fixed, long-term investment of the Oakland Streetcar would catalyze the creation of new transit-oriented neighborhoods along Broadway, from Jack London Square to Downtown to Uptown to Upper Broadway.  The total economic development potential amounts to:

Development Potential:

• 10,000-12,000 housing units
• 2.5-3.7 million square feet of retail space
• 4.1-4.5 million sq feet office space

Translating to:

• 21,000-24,000 new residents
• 20,000-24,000 new jobs
• 37,000-44,000 new construction jobs
• $600-$800 million in new sales annually
• $4-$6 million in annual sales tax revenue
• 99,000-114,000 tons CO2 saved annually (42% savings relative to suburban sprawl)
• 4.9-5.7 million gallons gasoline saved annually (53% savings relative to suburban sprawl)
• 2.3-2.7 million gallons water saved annually (76% savings relative to suburban sprawl)