The Milwaukee Streetcar Screeches Into Real Estate
Mayor Tom Barrett Reassures the Third Ward & East Side of Milwaukee are Gaining Property Value Thanks to “The Hop”
The Milwaukee Streetcar, also known as “The Hop”, is scheduled to begin service on November 2nd, 2018 just days after Halloween. The timing is uncanny for residents who have heard its spooky call in the late hours of the night, but Mayor Tom Barrett reassures locals that there is plenty to be grateful for this Thanksgiving.
The Milwaukee Streetcar in Action
*Make sure to turn the volume on.*
A Huge Hop for Property Owners
Property Value Up 28% Within a Quarter Mile of the Streetcar
Milwaukee’s City Assessor confirms property values near the newly installed streetcar routes have increased 27.9% since 2015. Citywide values have increased by 13.4%. In a recent press conference, the Mayor spoke on the subject.
Milwaukee Streetcar Controversy
The Safety of Local Cyclists & Motorists in Question
When accessibility for locals and tourism options for visitors is taken into account, one could see the value of the new Brew City transit addition. However, Barrett has not been able to confirm the exact impact the streetcar has had on the property value improvement. When considering the new construction, property rehab and investment projects happening downtown, its easy to understand why.
In fact, many residents are concerned about the true value of the streetcar following the recent Personal Injury Claim being filed against the city.
“We had tracks here. We tore them out 50 years ago. They say if you don’t learn from history, you’re doomed to repeat it.” – Michael Hupy, Hupy & Abraham
Milwaukee Streetcar Bike Accident
Milwaukee Streetcar 3 Vehicle Accident
Future of the Streetcar
An Expansion is Planned for the Modernized Transit Option
Although the streetcar has gained a lot of attention before officially debuting, the success of it has yet to be tested. Based on its performance, Mayor Tom Barrett is hoping to expand its route to reach further than just the East Side and Third Ward. With Milwaukee, I’d personally welcome any positive change.
Let’s hope the Milwaukee streetcar turns out to be less problematic so we can continue seeing property values rise. After all, Milwaukee is a great place to call home.
Expansion Planned for “The Hop”
The Original Milwaukee Streetcar