South of The Loop in Chicago, a developer is eyeing the rail yard across from Soldier Field as the site for the city’s next mega development. The project, called One Central, has been the talk of the town and is in the middle of big discussions about what role the developer, the city, and the state play in building a major transit hub.
To look at how property values and taxes have changed within St. Paul around the construction and opening of the Green Line light rail, the Pioneer Press examined all properties within roughly two blocks of the line between 2012 to 2017. They found some mixed but interesting results.
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.
After a joint development project around one of Buffalo, NY’s Metro Rail stations, officials are talking about pursuing TOD around an additional seven stations to help generate revenue and increase ridership.
Value capture, gentrification, and building affordable housing around transit were among the many topics on the agenda at the 2018 LOCUS Leadership Summit: Rebuild America’s Neighborhoods. With value capture in particular, having developers and consultants with relevant experience in the room provided some important insights into how to successfully execute such projects.
The purpose of this guidance document is to provide direction for joint-development partners on the design elements that UTA expects developers to consider and address in development plans, including connectivity and development form. These guidelines will be used by UTA staff in reviewing site plans and will formulate the basis for feedback and final acceptance … Continued
Legal Research Digest 36 – The project examines a combination of large, medium, and small TOD and joint development projects since 1999 and provides comprehensive case studies, with an emphasis on what made the project succeed and how legal issues relate to TODs in general. Case studies from Portland, Oregon; Oakland, California; Chicago, Illinois; Plano, … Continued
Over the past decade, it has become increasingly clear that the presence of transit can increase property values and result in valuable development opportunities. In this era of constrained transit funding and widespread demand for new and expanded transit systems, policy makers, transit planners and elected officials are increasingly interested in harnessing a portion of … Continued
This webinar describes techniques for capturing the property value increases to pay for transit or other improvements.
Numerous transit agencies have worked since the 1970s to encourage transit-oriented development and to pursue joint development programs or individual joint development projects. Generally, these projects refer to the same type of transit-supportive development; the distinction lies in who is sponsoring and who is involved in the project. The guidance provided in this document draws … Continued