Tampa Bay Ferry Projected to Improve Long Work Commutes
For many drivers, spending significant travel time in wall-to-wall traffic is frustrating and a drain on valuable family or work time. For residents of Tampa Bay, there is news on the horizon that could help ease traffic woes. The Hillsborough Area Regional Transit Authority (HART) applied and received a grant that will create a ferry service to help Tampa Bay residents spend less time on the road and more time at home.
A $4.8 million grant from the Federal Transit Administration will provide the funding for brick and mortar work on the ferry service. Overall, the project is expected to cost $22 million to $23 million and once completed, is estimated to take 62,081 miles a day off of local highways. Projected to open in 2016, the water ferry will set sail between Gibsonton and MacDill Air Force Base. Once commuters arrive to the base, they will take trams to their employment locations.
U.S. Rep. Kathy Castor stated that “Tampa’s long-term economic future will significantly benefit if we develop options for people to travel to work and home. Investing in our infrastructure is key to growing jobs in our community and remaining competitive.쳌
The new ferry service could not come at a better time as economic growth is flourishing throughout Tampa Bay. Earlier this month, executives from the United Services Automobile Association broke ground for a new USAA office in Brandon. The 420,000-square-foot Crosstown Center office is expected to create up to 1,215 new jobs.
In addition, Amazon currently has a one million-square-foot fulfillment center under construction in Ruskin. The new center will create more than 1,000 full-time jobs, and the company is now hiring for hundreds of full-time positions.
In nearby Lakeland, Amazon has another one million-square-foot ready to open off of County Line Road and as of early June, had 500 positions to fill. 400,000 square feet of space in this Lakeland fulfillment center is slated to open in July.
All of this economic growth is having a positive impact on the Tampa real estate market. According to the Zillow Real Estate Market Report, home values in the Tampa area are projected to increase 6.2 percent over the next year, outpacing the projected 3.3 percent national increase. In 2013, the median home value in Hillsborough, Pinellas, Pasco and Hernando counties rose to $136,000, up 14.4 percent year-over-year. In the Tampa Bay region, the median list price was up 9.4 percent to $169,000, while the median sales price was up 20.1 percent to $141,100.
With the forthcoming Tampa Bay Ferry and a stabilizing housing market, there has never been a better time to purchase your new home in beautiful Tampa Bay. We are currently building affordable homes just minutes away from the projected Tampa Bay Ferry site, at Southwind in Gibsonton. Home prices start in the $150,000’s with more than 10 stylish home designs to choose from, offering three to five bedrooms and two to three bathrooms. Lakefront homesites are available and residents enjoy a walking path around the community lake and easy access to highways and great Tampa shopping, dining and entertainment. To make purchasing your new home even more affordable, qualified buyers can purchase their home at Southwind with just $99 down.
For more information on purchasing a Florida new home at Southwind, call 813-304-2115. For more information on Southwind, as well as our other Tampa Bay communities, visit the Highland Homes website today.
Tags: new homes tampa bay new homes tampa economic development new home tampa Tampa Bay New Homes
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