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Reply to "From Washington Post - List details properties at risk of condemnation for Purple Line"
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[quote=Anonymous][quote=Anonymous]Most of these takings will be relatively small, and the owners compensated handsomely. The construction phase will be the worst part - see what's happening with the 2nd ave subway in NYC, where business along 2nd avenue in the construction zone is dead for 10 years. [b]But after, property values will increase substantially[/b]. The nice lady who owns a rental home in Chevy Chase will probably get $200,000 for a sliver of land and the rent she charges will go up 40%. I'm not crying a river.[/quote] If there is a PL stop nearby, right? If not (i.e. if there are just betwen zero and three PL stops between Bethesda metro and Silver Spring metro, and none close to, say, the lady in the story), why would property values increase? Simply because, for instance, this lady's tenants will be able to access transportation from Bethesda to SSpring more easily?[/quote]
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