Aligning Transit and Real Estate: An Integrated Financial Strategy

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 state and/or local laws. The authors also explore financing mechanisms – including real estate value capture – that will foster these changes.