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Changing demographics and housing preferences as well as concerns about quality of life are boosting the demand for walkable urbanism and transit-oriented development in the Minneapolis-St. Paul region as elsewhere in the U.S. The Twin Cities’ real estate market must be able to provide for this demand in order to preserve the region’s economic competitiveness, but a recent study by the Brookings Institution found the Twin Cities ranked below average in the number of “regionally significant walkable places.” Brookings found only two such existing places – the downtowns in both Minneapolis and St. Paul.

  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 the value that transit confers to surrounding properties to fund transit infrastructure or related improvements in station areas. This idea, known as “value capture,” is much discussed in planning, transit, and local government circles. However, confusion abounds. Where does the value come from? What is the best way to measure it? And, most importantly, what is the best way to capture this value? Those are the questions addressed in "Capturing the Value of Transit," a new report by Reconnecting America's Center for Transit-Oriented Development. The Center for TOD is the only national nonprofit effort dedicated…

Somerville: Reconnecting America worked with the Somerville Community Corporation to identify needs and opportunities for equitable transit-oriented development in the City of Somerville, with a focus on the planned extension of the Green Line. The report highlights demographic and real estate trends, and outlines a series of strategies for achieving mixed-income TOD.

The Center for Transit-Oriented Development prepared this white paper to help the Metropolitan Transportation Commission consider alternative methods for providing regional funding for transit-oriented development in the San Francisco Bay Area. The report outlines the need for such a funding source, case examples of other Metropolitan Planning Organization programs, and key considerations in implementing a new program targeted to this purpose.

This new national study funded by the Federal Transit Administration and the U.S. Department of Housing and Urban Development shows that location matters a great deal when it comes to reducing household costs. While families who live in auto-dependent neighborhoods spend an average of 25 percent of their household budget on transportation, families who live in transit-rich neighborhoods spend just 9 percent, the study says. The report examines five case study regions – Boston, Charlotte, Denver, Minneapolis, and Portland -- to better understand the proactive strategies being undertaken to create and preserve affordable housing near transit.

Denver is building 119 miles of rail and 70 new stations in six years, and the Center for Transit-Oriented Development has helped develop a “TOD Typology” for the city and the county that categorizes stations according to seven ”types“ (downtown, urban neighborhood, commuter town center, etc.) and suggests a land use mix, scale, housing types, and station function for each type. CTOD has also helped draft a TOD strategic plan to prioritize planning and resources depending on the development potential of stations. The intent is to help provide certainty for communities and for developers.