Claim: The value of the Willamette Shore/Jefferson Street right-of-way is $0 since at least some of it is only an agreement to allow a rail line, and no railroad would be interested in purchasing it
Reality: I don't know if Erik (partially) owns his home or not, but he should understand that the value of it isn't what he could get for it today, but in the shelter it provides. Likewise, the value of the right-of-way is the ability to use it for a rail transit line.
(The value matters since the Federal government is willing to use that as match in a project funding agreement. Also, to be clear, I haven't been gung-ho for the streetcar project that was proposed.)