Some are calling TARC's new service 'Bus Rapid Transit Lite' - a bus every fifteen minutes on routes #18 and #23 on weekdays, all day. That means the average wait for an unplanned ride is a mere 7.5 minutes. That's so frequent that I won't bother consulting a schedule.
The 18 has a new ripple - it serves the north end of U of L's Belknap campus, with direct service to the downtown medical center.
The 23 gets the high frequency by doing a timed interbraiding of a number of tributary routes at Douglass Loop.
This is a great service, paid for through federal CMAQ dollars, but before you invest millions of your own dollars in new development along the corridor, know that the funding stream will likely dry up in a few years, and so might the service. If we had a more robust form of funding for our transportation, this would spur some real development.