Bullet train could drive billions of dollars for Fort Worth, Arlington

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A new study estimates a proposed high-speed rail line would generate billions of dollars in new property tax revenue for Fort Worth and Arlington.

The report, commissioned by Tarrant County’s two largest cities and completed by AECOM, found that a long-proposed Dallas-to-Houston bullet train could drive approximately $3.3 billion and $4 billion in property tax revenue between 2036 to 2050 to stations in Fort Worth and Arlington, respectively. Fort Worth Report first reported on details of the study.

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A proposed downtown Fort Worth station could result in $1.2 billion in annual spending and 19.4 million square feet of new commercial development at full system buildout, according to the analysis. Hotel tax revenue could grow to about $84 million annually and sales tax could rise to $12 million a year.

Meanwhile in Arlington, the analysis projects the train line could generate $1 billion in annual spending, as reported by Fort Worth Report. Hotel tax revenue in the city could increase to $98 million, while another $21 million would come from annual sales tax revenue.

Read the full story here.