The Purple Line is expected to bring in $1.8 billion in revenue, raise property values $8.4 billion and create 27,000 new jobs every year over the course of 30 years, Purple Line Project Manager Mike Madden told a joint meeting of Montgomery and Prince George’s county council members Thursday. The jobs would be a combination of construction-related jobs and positions created through the economic development the proposed 16-mile light rail line is expected to generate in the areas it would serve — which stretches from New Carrollton to Bethesda and includes College Park and Silver Spring, he said.
Though Madden acknowledged that the estimates “are extremely high,” he said they are based on the experiences of cities with established light rail lines.
