5

6

7

8

10

11

12

13

14

15

Chicago to: 110 220

St. Louis* 1,777,000 1,777,000

Minneapolis 2,558,000 3,209,000

Detroit 2,348,000 3,131,000

TOTAL 6,683,000 8,177,000

SCENARIO

*Chicago to St. Louis operates at 220 mph in both scenarios

16

Measure Unit 110 mph* 220 mph

2035 Employment Jobs 19,351.0 42,200.0

2035 Output (Sales) $m per year $2,702.2 $6,087.3

2035 Value Added (GRP) $m per year $1,560.3 $3,554.8

2035 Wages $m per year $1,080.1 $2,466.6

*Chicago to St. Louis operates at 220 mph in both scenarios

CHICAGO

17

18

19

Orlando to: 161 / 186 220

St. Petersburg 1,812,000 1,968,000

Miami 4,414,000 4,571,000

TOTAL 6,226,000 6,539,000

SCENARIO

20

Measure Unit 168 / 186 mph 220 mph

2035 Employment Jobs 20,984.0 27,453.0

2035 Output (Sales) $m per year $2,240.1 $2,942.4

2035 Value Added (GRP) $m per year $1,295.5 $1,706.1

2035 Wages $m per year $ 877.4 $1,155.8

These estimates of the potential economic impact are meant to be interpreted as potential impacts dependent on: (a) Full implementation of the proposed HSR system, (b) A metropolitan economy that remains healthy and continues to grow over the next twenty years, and (c) Supportive public policies and infrastructure investments to allow the benefits of HSR to be realized, and the projected additional business development to occur.

ORLANDO

21

22

23

Albany to: 79/90 110 220

Buffalo 430,000 473,000 591,000

Montreal 179,000 194,000 304,000

NYC 1,517,000 1,573,000 2,120,000

Boston 389,000 409,000 556,000

TOTAL 2,515,000 2,648,000 3,571,000

SCENARIO

24

25

Lorem Ipsum

Fenis feu facin ver si bla 04–07

Feugait, con euid bles feuisl 08–13ulpu te pat nim quat am

Venibh eraestin hent admin 14–15cin hendit nos niasc

Acommy nullum volorpe 16–23ad molorem ve Usci te eavollent lutatie tetum

Feugait, con euid bles feuisl 24–30ulpu te pat nim quat am

26

Lenit augue duis dolovre te feugait nulla facilisi. Lorem ipsum dolor sit amet, con sectetuer adipivscing elit, sessd diam nonummy nibh euismvod tincidunt ut lao reet dolore magna aliquam erat volutpat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blandit praesent lupta tum zzri.

Luptatacin henit ame dolor ilit quip eufaci niberitus

28

Lenit augue duis dolovre te feugait nulla facilisi. Lorem ipsum dolor sit amet, con sectetuer adipivscing elit, sessd diam non-ummy nibh euismvod tincidunt ut laoreet dolore magna aliquam erat volutpat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignis-sim qui blandit praesent lupta tum zzril delenit augue duis dovdlore te feugait nul-la facilisi. Ut wisi enim, ad Minim Veniam. Lorem ipsum dolor sit amet consectetuer adipiscing elit sed diam no nummy nibh euismod tincivddunt ut laoreet dolore magna aliquvolutpat.

Ut wisi enim ad minim veniam quis nos-trud exerci tation ullamcorper suscipit lo-bortis nisl ut aliquip ex ea commodo con facilisis at vero eros et accumsan et iusto rerit in vulputate velit esse molestie con-

Duis autem vel eum iriure dolor in hendre-rit in vulputate velit esse molestie nulla facilisis at vero eros et accum. Lenit augue duis dolovre te feugait nulla facilisi. Lorem ipsum dolor sit amet, con-sectetuer adipivscing elit, sessd diam no nummy nibh euismvod tincidunt ut laoreet dolore magna aliquam erat volutpat. Duis autem vel eum iriure dolor in hendodio dignissim qui blandit praesent lup tatum zzril delenit augue duis dovdlore te feugait nulla facilisi. Ut wisi enim, ad Mi nummy nibh euismod tincivddunt ut lao reet dolo-re magna aliquam erat volutpat. Ut wisi enim ad minim veniam quis nostrud exerci tation ullamcorper suscipit lo bortis nisl ut aliquip ex ea commodo conseqna aliquam eruatiquam erat volutpat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat vel illum do-lore eu feugidgat nulla facilisis at vero eros et accum. San et iusto odio dignissim.

29

In all four cities, the introduction of HSR services will significantly increase jobs, wages, business sales, and value-added. Results particularly point to an increased economic payback when travel time be-tween cities is between two to three hours.

According to the study, full implementa-tion of high-speed rail by 2035 will result in the following benefits:• InLosAngeles,upto$7.6billionper

yearinnewbusiness,including$4.3bil-lion per year in Gross Regional Product (GRP) growth and up to 55,000 jobs.

• InChicago,upto$6.1billionperyearinnewbusiness,includingupto$3.6bil-lion per year in GRP growth and between 19,000and42,000jobs.

• InOrlando,upto$2.9billionperyearinnewbusiness,includingupto$1.7bil-lion per year in GRP growth and between 21,000and27,500jobs.

• InAlbany,upto$2.5billionperyearinnewbusiness,includingupto$1.4bil-lion per year in GRP growth and between 4,250to21,000jobs.

In all four cities, the potential long-term economic impact of proposed high speed rail service will grow over time as service is fully implemented and savings in travel time, expenses, and congestion reduction are realized.

Executive Summary This report assesses High Speed Intercity Passenger Rail’s (HSR) economic impact on local and regional economies. It examines job creation, the effects of improved mar-ket access, greater connectivity, work-relat-ed travel time savings, as well as increased income and business sales. Fourcities—LosAngeles,Chicago,Orlandoand Albany (N.Y.) —were selected to repre-sent metropolitan areas impacted by planned high-speed rail. Each represents different-sized communities in different parts of the United States. Each also faces differing economic opportunities depend-ing on the service speeds provided. All cit-ies, however, shared the following in com-mon when it comes to promoting economic growth:

First, HSR service can help drive higher-density, mixed-use development at train stations. InChicago,theCentralAreaAc-tion Plan calls for development of new of-fice development enabled by a coordinated strategy of local transit, HSR, and airport expressconnectors.CurrentplansfortheexpansionofChicago’sUnionStationcallfortheadditionofan18-storytoweroverthe station. At the Albany-Rensselaer sta-tion, plans have been announced for DeLa-et’s Landing, a mixed-use office, residen-tial, and hotel development at an adjacent site.InOrlando,planscallforanew“Medi-calCity”technologyparknexttotheair-port and its HSR station and for hotel con-struction surrounding the International Drive station. In Los Angeles, the Alameda District Master Plan envisions large-scale mixed-use development adjacent to Union Station. The local development stakes are high in each city. If implemented, develop-ment at Albany-Rensselaer could support 2,000jobs;Chicago,5,000jobs;Orlando,10,000jobs;andLosAngeles,10,000jobs.

Key Economic Impact Findings