Expenditures on transportation have increased from the sixth largest share (less than 2%) of household budgets in 1917 to the second largest share (over 20%) since the 1970s. Under this circumstance, transit-oriented development (TOD) has gained popularity worldwide as a sustainable form of urbanism by concentrating developments near a transit station so as to minimize … Continued
Across the country, more communities are looking for ways to enhance their livability. Transit-oriented development (TOD) is one means of creating sought after, economically vibrant neighborhoods. Transit-oriented development—which includes a mixture of housing, office, retail, and/or other commercial development and amenities integrated into a walkable neighborhood and located within a half-mile of quality public transportation—can … Continued
Transit-oriented development (TOD) is a responsible fiscal choice for local governments and can actually save local governments money, as detailed in Fiscal Impacts of Transit-Oriented Development (TOD) Projects. This report, based on research undertaken by the Baltimore-Washington, D.C. TransitOriented Development (TOD) Product Council, was prepared by Dr. Dean Bellas, president of Urban Analytics and a … Continued
The land near transit stations is a valuable commodity. Hundreds or thousands of people travel to and through these places each day, and decisions about what to do with this land have implications for local economies, transit ridership, residents’ access to opportunity, and overall quality of life for everyone in a community. Many communities choose … Continued
Today, anchor institutions and government too often define their relationship through discrete transactions — an infrastructure improvement, appearance at a ribbon cutting, or support for a city project. This leads to a partnership of expediency. This report from the National Resource Network (and written by NYU Wagner and the Urban Institute) recommends something wholly different: … Continued
Across the United States, in large cities such as Seattle and Miami and in smaller metropolitan areas such as Hartford, Conn., and Fort Collins, Colo., new transit systems are being built to aid mobility, reduce congestion and spark economic activity. Future transit riders may find themselves stepping onto a new light rail car in Houston, … Continued
This TOD Resource Guide by the Tampa Bay Area Regional Transportation Authority (TBARTA) is intended to serve as a resource to planners, citizens, elected officials, government agencies, local businesses, the development community, nonprofit organizations, and outside investors. The goal is to provide information about a variety of tools and implementation strategies that will help local … Continued
This paper points to two evolutionary steps that can promote economically viable and more livable transit oriented communities – (1) coordinating transit and real estate development in one sequential process and (2) advancing TOD goals beyond vertical real estate development to encompass community “Livability Benefits” that are often required of developers and typically mandated by … Continued
This study reviewed projects in Chicago, New York, San Francisco and Washington D.C. to observe how coordination between the relevant parties is conducted and, from the information gathered, a series of conclusions, best practices and recommendations were compiled. It is the conclusion of this study that in order for coordination of value capture mechanisms to … Continued
This webinar describes techniques for capturing the property value increases to pay for transit or other improvements.