The university’s Weldon Cooper Center for Public Service reviewed and studied the benefits of expanding transit services, estimating the initiative could provide a nearly $7 billion economic boost.
The Weldon Cooper Center for Public Service at the University of Virginia has published the Economic and Social Impact of the Virginia Passenger Rail Authority’s (VPRA)Transforming Rail in Virginia (TRV) initiative.
The Weldon Cooper Center at the University of Virginia projects that Albemarle's population will grow from around 116,000 now to more than 155,000 people in 2050, generating the need for services in a county where growth and development is only allowed on 5 percent of the land mass.
For decades, the promise of economic revitalization has tantalized Southwest Virginia. The sparsely populated region, once home to booming coal mining and tobacco industries, has had money and resources thrown at it by local, state and federal governments, but it’s still had a difficult time finding its footing.