Federal Policy Update: CTOD Comments On FTA Joint Development Circular, FTA Webinar Recording
CTOD Comments On FTA's Proposed Circular On Joint Development Projects
Reconnecting America, Strategic Economics and the Center for Neighborhood Technology have released comments on the Federal Transit Administration's proposed circular on joint development.
The three are partners in the Center for Transit-Oriented Development, the only national effort dedicated to providing best practices, research, and tools to support equitable market-based transit-oriented development (TOD), and therefore uniquely qualified to discuss the FTA's proposed guidance to transit agencies on joint development projects.
Joint development projects are undertaken by transit agencies and public, private, or nonprofit entities to create transit-supportive development near transit stations. Joint development projects often take place on land owned by the transit agency, and can be stand-alone projects or part of larger TOD efforts. Transit agencies' contribution to TOD through joint development activities have been shown to both increase ridership on their systems and to promote economic development in the surrounding communities. FTA's draft circular is intended to clarify the federal rules for transit agencies engaging in joint development activities.
FTA Webinar Recording Available
The Federal Transit Administration has posted a recording and slides of the March 28, 2013 webinar on its proposed Joint Development Circular to the Joint Development page on its website. In the webinar FTA explains the sections of the circular and answers questions about its provisions.
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