It’s true that we’re building a key component of the transit infrastructure connecting the GTA, but beyond this we’re also creating measurable benefits. We support the “triple bottom line” business principle, which holds that business activities should result in financial, social and environmental benefits. Part of our vision is to have development and public transit planned together to shape communities, support a sustainable future and promote energy conservation.
More than 1,100 residential units were added during 2014 along the Highway 7 East rapidway. New zoning and municipal plans are ensuring that development is mixed-use – including places to live, work, shop, and green space to hang out. Mixed-use is a more sustainable, environmentally-responsible way of growing for the future. Once transit is in place and urban neighbourhoods are established, residential and commercial developers are attracted, as are new employers who want to be located near transit and a well-educated workforce.
More compact, transit-oriented and walkable areas mean less dependency on cars, and this is good for the health of transit users, bicyclers and walkers. Socio-economic benefits are there for those who find they can get around more affordably, and our carbon footprint is reduced, since each bus can replace up to 70 cars.
Each new rapidway includes tree-lined streets to help maintain our connection to nature and improve air quality. There is also documented evidence that green space results in higher property values, increased business outcomes and reduced energy costs.
As each rapidway project connects York Region, the benefits are three-fold for the environment, our quality of life, and our local economy.