When the vision for the proposed Shenandoah Rail Trail grew from a Broadway to Strasburg route to stretch all the way to Front Royal, the analysis of the original potential economic impact was in need of an update. In addition to all the expected community benefits the trail will offer, economically, the new analysis estimates the trail will bring:
+ $32.3 Million
New annual spending in the region due to visitors to the Shenandoah Rail Trail is projected to be $32.3 million (in 2030 dollars) per year when the trail is fully opened.
+ 319 Jobs
New regional spending is expected to generate 319 new jobs by 2030.
+ $10 Million
The expanded economy will generate substantial new income estimated to be $10 million in 2030 for business employees, the self-employed and unincorporated businesses.
+ Tax Revenue
The expanded economy in the region will generate higher tax revenue each year for state and local governments: $1.7 million for counties, $0.2 million for towns, and $0.6 million for the state.
Read the full report
You can read the full report below. Many thanks to Dr. Robert Cline for his time and effort put into preparing this analysis for the Shenandoah Rail Trail Partnership.