CTOD Releases Report Examining Opportunities And Challenges Involved In Promoting TOD
Transit-Oriented Development (TOD) has been embraced around the country as a means to achieve sustainability goals, including reduced auto dependency and traffic congestion, as well as improved economic competitiveness. However, the process of actually implementing TOD varies based on a variety of physical, economic, and market conditions.
The Center for Transit-Oriented Development (CTOD) today released "Downtowns, Greenfields, and Places in Between: Promoting Development Near Transit," a study that considers where development has been occurring near new transit lines, and how TOD implementation varies from place to place. The study looks at eight different types of places, or "development contexts," for TOD, and provides case studies and lessons for successfully implementing TOD in these contexts.
"By tailoring implementation strategies to the existing context of station areas, we can be more strategic about the use of scarce public resources and more realistic about value capture strategies to fund transit and infrastructure," said Nadine Fogarty, the study's primary author.
This study is the fourth in a series of reports by CTOD focusing on the lessons learned from three recently built transit corridors across the country: the Blue Line in Charlotte, NC; the Hiawatha Line in the Twin Cities, MN region; and the Southeast Corridor in the Denver, CO, region. The first three reports - Realizing the Potential, Realizing the Potential: One Year Later, and Rails to Real Estate: Development Patterns along Three New Transit Lines - were sponsored by the Federal Transit Administration, and evaluated barriers and opportunities to developing affordable and market rate development.
Abigail Thorne-Lyman, Director of the Center for Transit-Oriented Development, notes: "This report is a rich addition to the series on these corridors, as it draws lessons learned over the last decade into a guide that will be useful to every city and region thinking about TOD."