Photo via Connect KOP
Yesterday, the Economy League of Greater Philadelphia presented Connecting with the King, a plan to connect rail transit to King of Prussia. The event took place at the Sheraton Valley Forge Hotel in King of Prussia. The proposed rail extension would add a four-mile extension to the Norristown High Speed Line (built as the Philadelphia and Western Railroad) to King of Prussia.
The numbers tossed about were compelling (as reported by Philadelphia magazine):
- Construction would cost $1.2 billion, $300 million per mile.
- Economic development would be $1.1 billion to $1.3 billion.
- Real estate value would increase $540 to $946 million over 20 years.
- Ridership on the Norristown High Speed Line could increase 81%.
- The extension would cut transit time from Center City Philadelphia to King of Prussia by 30 minutes.
- The connection from the Norristown High Speed Line to King of Prussia remains 10 years off.