Speaking of Tampa's streetcar line there are a couple of things that we can learn from their system:
1. Rail does bring economic development and create long term jobs.
Tampa's 2.5 mile line has stimulated over $1 billion in transit oriented development over a five year period. That development includes restaurants, office buildings, hotels, condos, lofts, galleries and retail stores. All of those places employ people. When we talk about investing in transportation as a part of an economic stimulus package, the long term creation of jobs is just as important as the jobs stimulated by the project's construction process.
2. A system should appeal to residents as well as tourists
Tampa's streetcar appeals to tourist instead of residents. While Tampa's goal may have been to appeal to tourists, it would not have hurt if it worked as a viable mass transit option for residents as well. It was a mistake to not run that thing into the heart of DT or close to UT with the initial phase. Ridership would have been a lot higher which would make expansion an easier sell. Anything done here should not only loop around DT (like the skyway), it needs to connect with everyday popular destinations in the urban core (ie. Five Points, Farmer's Market, Sports District, etc.). A system here should also be well integrated into the city's overall mass transit system.