Light Rail, RTD, Fastracks, W Line, West Line, Denver, Golden, Lakewood,
The past week marked a mile stone for both the RTD Fastracks program and Coloradoâ€™s Real Estate market when the Light Rail West Rail Line officially opened for business.
RTDâ€™s Fastracks is a plan to add 122 miles of new light rail lines and expand existing lines, as well as add 18 miles of new bus routes.The Fastracks plan is expected to be an ongoing development lasting well into the year 2044, when the Light Rail lines are scheduled to expand north all the way to Longmont.
The West Rail Line, also known as the W Line, is the first segment of the Fastracks program to be completed. This segment alone added 12.1 miles of light rail tracks to the existing rail lines, 11 new light rail stations, 6 new park-n-rides and 3 new call-n-rides all in between Union Station and the Jefferson County Government Center.
There are several benefits to the new W Line, including reliable transportation, job creation and environmental friendliness; however, one of the most noticeable benefits ofthis project is the affect it will have on the real estate market in the included communities. The expansion of the existing Light Rail and bus system will make communities farther away from Downtown Denver more easily accessible for commuters and this in turn will have quite an impact on real estate in these communities.As the new W Line becomes more popular and established in the coming years, it can be expected that the communities surrounding the new tracks and stations (Lakewood, West Denver and Golden) will have a higher demand from home buyers which will also increase property values in these areas.