CMT TO HOST “TALKING TRANSIT” EVENT HIGHLIGHTING THE IMPACT OF PUBLIC TRANSIT ON PROPERTY VALUES

People in the St. Louis region know public transit creates jobs, promotes spending and stimulates local economies; but they may not be aware it also helps to increase property values. Area residents are invited to learn more, as Hugh Morris of the National Association of REALTORS® (NAR) in Washington, DC, shares insight from a recent report, completed in partnership with the American Public Transit Association, at Citizens for Modern Transit’s (CMT) next “Talking Transit” event. The event will be held on Wednesday, March 4, at 8:30 a.m. at T-REX at 911 Washington, St. Louis, MO 63101.

Morris will showcase the performance of residential and commercial property sales between 2012 and 2016 in areas near fixed-guideway transit stations and those without public transit access in small, medium and large regions – including Boston; Eugene, Ore.; Hartford, Conn.; Los Angeles; Minneapolis–St. Paul; Phoenix; and Seattle. He will also discuss what this means for development near transit in the St. Louis market.

“Residents of the St. Louis region benefit from accessible public transit in more ways than we realize,” said Kimberly Cella, executive director of Citizens for Modern Transit. “We look forward to Morris’ presentation and insights and what it means for current and future property values locally.”

Citizens for Modern Transit is hosting this event in conjunction with the St. Louis REALTORS® and the American Institute of Architects St. Louis Chapter. Registration can be completed online at www.cmt-stl.org. The cost is free for CMT, St. Louis REALTORS® members and AIA St. Louis members, and $10 for non-members. A limited number of scholarships are available to those with personal financial constraints.  Register here. 

CMT hosts quarterly “Talking Transit” events to keep members, elected officials, stakeholders, transit riders and others in the loop on issues and efforts influencing the local transit system. These educational gatherings feature guest speakers and panel discussions addressing a wide range of topics, including transit-oriented development, safety and security, best practices, service changes and more.