Homes, not Businesses, are Sprouting Up Along L.R.T.
There is an interesting article in the Kitchener-Waterloo Record. It is called: Workplace development near LRT stations lagging home building by Jeff Outhit You can read it here.
One would assume that businesses would be more interested in mass transit than homeowners. This article explains that many businesses are waiting to see if the L.R.T. will be as profitable as promised. Also, there is a glut of office space in the region while residential space is at a premium.
When reviewing past literature regarding the LRT, however, one can see that the principle reason for the L.R.T. was to encourage condo and apartment living. A prime example is the Region of Waterloo Central Transit Corridor Community Building Strategy. You can read it here.