"Light rail is six months from operation, but the transit system's impact on the Valley's real-estate market has been in full swing with new condos, office buildings and mixed-use developments rising throughout metro Phoenix.
Transit officials estimate that since 2004, developers have spent close to $6 billion on public and private projects on and around the future light-rail line. Critics, however, say the transit system has put a burden on taxpayers and construction of the line has shut down businesses.
The figure is based on information Metro light rail routinely gathers from planners in Phoenix, Tempe and Mesa, the three cities in which the 20-mile system will operate beginning in December."
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Light rail impacts Valley real-estate market
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