Over the past few years, State and city officials have been GaGa over introducing enormous plans for mass transit to Indiana and Indianapolis, specifically. The most recent projections I’ve read include the estimate of approximately $1.1 Billion over the next 10 years.
The urgency behind such a huge undertaking? The theory that Millennials aren’t moving to the suburbs, but only want urban areas to reside and they demand mass transit, otherwise they will not relocate to Indy.
In other words, it’s about trying to attract them to Indianapolis for high paying jobs.
Uhhh…..only one small tiny problem with their hypothesis: they have zero quantitative data about this projected human behavior pattern on which they are gambling tax payer money.
Today’s Wall Street Journal doesn’t help their argument either. Case in point: Millennials are the FASTEST GROWING class of car buyers. Here’s the entire article:
Somehow, their choo-choo train idea seems to be coming off the tracks here.
Dan Baldini is the Founder of Polaris Real Estate & Polaris Property Management, LLC and has been an Adjunct Professor in the College of Business Finance Department at Butler University in Indianapolis where he taught Real Estate Investing.
Dan focuses his practice on the residential real estate markets including Indianapolis, Carmel, Zionsville, Fishers and other surrounding areas. Dan continually seeks out new resources for Team training and education in order to keep all the Team members skills on the leading edge of real estate best practices. He is an active real estate investor himself, owning and managing a portfolio of investment properties in the Indianapolis markets.
A resident of the Northside area since 1979, Dan has extensive intimate knowledge and experience of the market forces that dominate the Zionsville, Carmel, Fishers, and Indianapolis real estate markets. He has been active in real estate since 1996 with a specific focus on North side properties. Dan is an active networker in his local communities as well as with top agents nationwide