Vacant land near stations offers opportunities in Chicago ● Study finds Red Bank Station fit for redevelopment ● Clashing views on MBTA Communities Act ● Station Yards at Ronkonkoma ● Galway explores TOD
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Experts from public, private, and non-profit entities discuss their experiences with available financing tools and how they are used in transit-oriented development.
Read MoreA modified proposal to upgrade Penn Station; inter-agency tensions over ARP funds; cooperative mixed-use development in Michigan; and examples of adaptive reuse from Mexico City.
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While the world of finance may seem complex, it is an incredibly important aspect of development. With this knowledge, communities and policy makers can devise better planning and public policy solutions to achieve their goals, and imagine and implement more effective incentives and statutory requirements to improve the next generation of TOD.
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Report link: Value Capture: Capitalizing on the Value Created by Transportation Implementation Manual
Researchers from San Jose State University explore the land use, zoning, and value capture-related barriers that stymy the construction of TODs as well as strategies used or that could be used to surmount these hurdles.
Resource Link: The Real Estate Mantra – Locate Near Public Transportation by the American Public Transportation Association
This study reveals that it is getting increasingly expensive to live near public transit. As more and more cities invest in mixed-use developments, house prices and rents within a half-mile of transit facilities are increasing at a faster rate than those in neighborhoods farther away.
Video link: Linking People to Opportunity: FTA’s Role in Creating Complete Communities
This video from 2017 discusses how transit-oriented development (TOD) can be used to increase access to opportunities via public transportation and how public transportation serves to create more complete communities.
Report link: Guidebook to Funding Transportation Through Land Value Return and Recycling
NCHRP Research Report 873, Guidebook to Funding Transportation Through Land Value Return and Recycling, provides a practical guide to the infrequently utilized practice of recapturing land value increase to fund transportation infrastructure.
Report link: Fiscal Impacts of Transit-Oriented Development Projects
ULI-Washington & ULI-Baltimore examine the fiscal impacts of TOD projects.
News from Bound Brook, Cranford, the Hudson waterfront, Montclair, and Woodbridge, as well as the relationship between housing and transportation costs.
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