The University of North Texas (UNT) Economic Research Group released results of a 25-year-long study of the economic impact of transit-oriented development in North Texas on Thursday.

The group found that development within a quarter mile of DART light rail stations has generated $18.1 billion direct economic impact on North Texas over the past 25 years. This includes a $1.0 billion direct impact from 2022-2024.

The study also found that rent premiums in transit-oriented developments were 10% higher for residential and 12.6% higher for commercial rents than units more than a half-mile from the station.

Transit-oriented development is also a job creator, with over 5,000 directly created jobs and more than $428 million in labor income in the last two years alone.

Construction around DART

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