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In Chicago, TOD is seen as a positive influence with environmental, fiscal, and health benefits for everyone. Yet new development near transit doesn’t seem to be happening everywhere in Chicago, especially in neighborhoods with high poverty rates and a history of redlining and segregation on the South and West sides. Now, more advocates and organizations are starting to bring investment to these communities.
New Jersey Governor Phil Murphy recently signed a law establishing an Office of Real Estate Economic Development and Transit-Oriented Development at New Jersey Transit. The bill requires that the new office submit a report annually directly to the governor’s office with an inventory of each parcel owned by NJ Transit including the appraised value, revenues generated, and current use.
This month, Building Better Communities with Transit is all about value capture. We chat with Professor Deborah Salon of Arizona State University her research on the topic and how institutional structure, entrepreneurship, and creativity play into successfully using value capture.
Chicago Mayor Rahm Emanuel’s plan to expand the city’s TOD 2013 ordinance to apply to the city’s “high ridership, high frequency” bus routes could encourage even more bus ridership by increasing the supply of housing along major bus corridors.
Triangle Transit is in the process of planning an 18 stop light rail line between Durham and Chapel Hill, NC. Through the planning process, local officials have been crunching the numbers on tax benefits from development near stations under different scenarios.
Affordable housing that is largely “naturally occurring” (i.e. market rate) and single-family zoning that covers half of the land near proposed stations is sparking concerns on Portland’s potential Southwest Corridor light rail line.
A month before a new streetcar line is scheduled to open in Milwaukee, WI, Mayor Tom Barrett and city officials are touting new city data showing a 27.9 percent increase in property values since construction of the line was announced in 2015 compared with a citywide increase of 13.4 percent over the same time period.
This month on Building Better Communities with Transit we’re joined by Eric Singer and Andrej Micovic, Associates at Bilzin Sumberg in Miami who talk about the creation of a unique ordinance in Miami-dade County that consolidates land use decision making. They also talk about how recent TIF districts and the county’s Strategic Miami Area Rapid Transit (SMART) Plan interact with that ordinance and what’s important in writing planning code.
Last week the Bay Area Rapid Transit (BART) Board of Directors approved moving forward with developer negotiations for new buildings at the Lake Merritt Station in Oakland. Their approach offers plenty of interesting ideas for transit agencies that work with developers.
Sound Transit is looking into spending $300 million on creating a three level highway interchange to integrate one station of a 37-mile bus rapid transit line on I-405 east of Seattle. But can TOD around a station like this—in the middle of a freeway—work?