The Week in TOD News October 30-November 5, 2021

A 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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TOD Finance:  Why Finance Matters

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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Promoting Transit-Oriented Developments by Addressing Barriers Related to Land Use, Zoning, and Value Capture

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.

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How Residential and Commercial Property Values Rise in Transit Sheds

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.

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