Cleveland Real Estate News

Republican or Democrat, it is in our best interest to let our Representatives know how we feel about improving our rail system in Ohio, thus improving our economy. New jobs, housing, money in the State budget, well you can read more about it here on the Ohio Hub website and here in a post I did that focuses on the economic impact of it. Kudos to Ed D for the petition info.  Here is what he sent in total:

Sign the Ohio Hub Plan e-petition:

http://www.ipetitions.com/petition/OhioHubPlan/

Here’s what you’ll be signing:

In recognition that the current state of transportation in the state of
Ohio requires bold action and strategic investment in Ohio’s rail
infrastructure and that fuel prices, congestion, and overall lack of
mobility have degraded Ohio’s competitiveness over recent years, we the
undersigned urge Ohio’s political leadership to pursue the development
of the Ohio Hub Plan as pursued by the Ohio Rail Development Commission.
We recognize the ability of rail development to provide economic
development opportunities through increased capacity for passenger as
well as freight movement. Over the Ohio Hub Plan’s 30-year life, the
benefit/cost analysis estimate nearly $9 billion in user benefits and
resource savings with $4.9 billion in costs including capital,
maintenance, and operating expenses, producing a 1.8 benefit/cost ratio.

More specifically, the Ohio Hub Plan will:
- Create 16,700 permanent jobs which is equivalent to more than 500,000
person years of work;
- Raise the region’s income by over $1 billion over the life of the project;
- Increase the average annual household income in the region by at least
$90;
- Generate more than $3 billion in development activity near stations;
- Increase land values and create the potential for communities to
develop new retail, office and residential developments near the
passenger rail stations;
- Create an annual $80 million impact on state tourism by generating
320,000 new overnight trips;
- Increase Cleveland Hopkins Airport traffic by 5% and create a $0.5 to
$1 billion economic benefit;
- Create a potential benefit for freight rail operations in the range of
$3 to $6 billion; and
- Generate an annual fuel savings of approximately 9.4 million gallons
of fuel.

Results of this petition will be made known to Ohio’s Congressional
Delegations, the Ohio General Assembly, and the Governor of the State of
Ohio. All signatures will be collected up until All Aboard Ohio’s
Legislative Summit on April 30, 2008.

Peace Out 3C