Investments in projects within half a mile of the Valley’s light rail line have totaled more than $8.2 billion since rail construction began a decade ago, according to figures released Tuesday.
Valley Metro, the regional agency that operates the 20-mile line in Phoenix, Tempe and Mesa, updated a $7 billion figure the organization previously had cited. The agency tracks development near the line, such as privately-funded apartment complexes and commercial space, as well as public projects like schools and renovated city facilities.