Station development is another tool that can be leveraged to support expanded and improved passenger rail services. Rail stations are often located in desirable, downtown locations, and can become the focus around which significant residential, commercial, and retail development can occur.
Value capture methods such as tax increment financing can be a means to leverage that private sector development to spur transportation improvements.
Finally, railroads themselves can proactively use their own property to create additional funding sources. For instance, railroad rights-of-way can be used to place telecommunication and other non-transportation infrastructure. In 2012 Amtrak generated $94 million in real estate-related revenue, and I would like to work with them to grow that number.
Again, I thank the witnesses for being here today.