Euclid Avenue HealthLine Receives 2011 ULI Award of Excellence
The Urban Land Institute awarded the Greater Cleveland Regional Transit Authority and Sasaki an Award of Excellence for the Euclid Avenue HealthLine Bus Rapid Transit project at the Institute's 2011 Real Estate Summit in Phoenix, Arizona on May 19. The annual awards competition promotes better land use and development throughout the Americas, and as such recognizes the full development process of a project. The criteria for the awards include leadership, contribution to the community, innovations, public/private partnership, environmental protection and enhancement, response to societal needs, and financial viability. This award is one of ten bestowed by ULI in 2011 from 148 entries received from throughout North and South America.
The ULI Award is a recognition of the roughly $5.5 billion in public and private re-investment along the corridor catalyzed by the $197 million Euclid Avenue construction project, and the numerous partnerships between the multiple organizations and agencies necessary to make this level of reinvestment possible. To date, ridership along the transit route is roughly 58% higher than ridership on the previous route, accounting for over 2 million new riders in the first two years of service over the previous bus line.
Cleveland's Euclid Avenue is being transformed by a strategic $200 million investment in a Bus Rapid Transit Corridor, which has catalyzed $5.8 billion dollars in spin-off investments and over 13.5 million...