A new report takes a comprehensive look at the public and private investment that the Central Corridor light rail transit line could spark over the next 20 years and settles on a big number: $6.78 billion...
The Center for Transit-Oriented Development is celebrating its fifth year, and has published a brochure detailing our projects and partnerships and intellectual capital. Download it here to find out what we do and how our national experience might be able to leverage your efforts, with the end goal of promoting sustainability, livability and affordability. The Center for Transit-Oriented Development is a partnership of Reconnecting America, the Center for Neighborhood Technology and Strategic Economics.
The Center for Transit-Oriented Development (CTOD) released an updated version of the Mixed-Income Transit-Oriented Development Action Guide website. The online MITOD Action Guide at MITOD.org is designed to help local jurisdictions, planners and other stakeholders develop strategies to encourage mixed-income transit-oriented development (TOD) around planned transit stations.
A planned $1.5 billion redevelopment of
Midtown Baltimore's State Center complex came under harsh criticism
Thursday from legislative analysts who told lawmakers that the current
public-private deal "is not in the best interest of the state."...
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…
The U.S. Department has released its 2009 Record of Accomplishment, and it includes implementation of the Economic Recovery Act, called “the most ambitious infrastructure investment program in more than half a century, creation of the TIGER (Transportation Investment Generating Economic Recovery) grant program, and a number of other initiatives including the Federal Transit Administration’s work with the Center for Transit-Oriented Development.
Recent consumer surveys and demographic analyses have indicated a growing market for pedestrian- and transit-designed development. Theoretically, this market shift should be reflected in the price people are willing to pay for that style of development. This article traces the literature that uses hedonic price methods for testing this hypothesis, either by assessing pedestrian/transit-design development holistically or by evaluating its component parts. The literature confirms that the market shift is, indeed, being capitalized into real estate prices and demonstrates that the amenity-based elements of transit-designed development play an important positive role in urban land markets, independent of the accessibility benefits provided by transit.
These design guidelines deﬁne the relationship between the public realm, as characterized in the Dublin Transit Center General Plan/Speciﬁc Plan Amendment, and the public and semi-public portions of private development