A Phoenix neighborhood mourns the potential loss of its character.
Looking At The Light Rail's Role In Economic Development
Since the Valley's light rail line became established, supporters have passionately opined that transit-oriented development would have a positive impact on the area's economy. Parts of Phoenix and Mesa have seen those results. Now as of last weekend a development called The Newton is taking advantage at Third Avenue and Camelback.
We spoke to Lorenzo Perez, co-owner of Phoenix-based Venue Projects, which developed The Newton.
We also heard from Larry Ortega, executive vice president with Collier's International. He was initially skeptical about transit-oriented development but says his opinion is changing.