Voter Approved High Speed Rail - It’s coming to SF
South of Market Residents have a new reason to lose their cars - as well as yet another major construction project planned for the hood. Just like the Bay Bridge retrofit, this one promises to be delayed, long, debated and probably pretty cool once it’s complete.
As real estate agents, we’re being advised to take this into consideration when selling properties in the surrounding area…
On November 5, 2008, California voters approved Proposition 1A authorizing funding of a high-speed rail transportation system linking various cities in the State. Both the location of the proposed rail system and the possible effect that the construction and operation of that system will have on residential areas has been the subject of concern and debate. Some news reports have indicated that, depending upon the location of the high-speed rail system, it may have a negative effect on some properties in the San Francisco Bay Area. It is anticipated that construction is
likely to begin as early as 2011.Precisely what impact, if any, the proposed high-speed rail transportation system will have on any given property is unknown either before, during or after construction. The construction and/or use of the transportation system may affect people differently. Real estate agents are not experts in this area and buyers are advised to satisfy themselves with regard to this issue during their inspection contingency period.
www.CAHighSpeedRail.ca.gov [California High Speed Rail Authority]
