A Decision-Support Framework For Using Value Capture to Fund Public Transit: Lessons From Project-Specific Analyses
May 8, 2012|Mineta Transportation Institute
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Executive Summary
The federal government, through various transportation acts, such as the Intermodal Surface Transportation Efficiency Act (ISTEA), the Transportation Equity Act for the 21st Century (TEA-21), and, more recently, the Safe, Affordable, Flexible, Efficient Transportation Equity Act—A Legacy for Users (SAFETEA-LU), has reinforced the need for integration of land use and transportation and the provision of public transit. Other federal programs, such as the Livable Communities Program and the New Starts Program, have provided additional impetus to public transit. At the state and regional level, the past three decades have seen increased provision of public transit. However, the public transit systems typically require significant operating and capital subsidies—75 percent of transit funding is provided by local and state governments.1 With all levels of government under significant fiscal stress, new transit funding mechanisms are welcome. Value capture (VC) is once…
A Framework For Transit Oriented Development In Florida
March 1, 2011|Florida Department of Transportation
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Introduction
Why develop this framework and how can it be used?
The Florida Department of Transportation (FDOT), in partnership with the Florida Department of Community Affairs (DCA), developed A Framework for Transit Oriented Development (TOD) in Florida to address how TOD can be a part of transforming Florida's existing auto-oriented, largely suburban patterns of development into more compact, livable patterns that support walking, biking, transit, and shorter-length auto trips. This effort was initiated as local governments in Florida increasingly encountered TOD concepts and projects characterized as "TOD" for adoption in their comprehensive plans, land development codes, and development review processes. A working group composed of agency and local government representatives was formed to develop Floridaspecifc TOD design guidelines and implementation strategies. FDOT held a series of ten workshops across the state to present draft TOD materials. In response to input received…
Evaluation of Land Use and Transportation Strategies to Increase Suburban Transit Ridership in the Short Term
April 30, 2010|Florida Department of Transportation Transit Office
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This study seeks to understand the relative efficacy of two classes of policies intended to increase the ridership and productivity of transit ridership in Florida.
Overlooked Density: Rethinking Transportation Options in Suburbia
April 2, 2010
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Executive Summary
Suburban multifamily housing is an often overlooked housing typology that is the fastest growing housing market in the country and holds strong potential for achieving smart growth goals in suburbia. This housing type is ubiquitous throughout all regions in the nation, is a widespread example of density in suburbia, and is typically located next to commercial uses. The proximity between suburban multifamily housing and commercial uses creates the potential for nodes of concentrated activity, mixed use, and the possibility of substantial non-auto transport in suburbia. While this potential exists, the design of this housing type often follows an enclaved pattern of development, negating any synergy, minimizing the possibility of non-auto transport, and denying any potential for sustainable development.
Through case studies of suburban multifamily development in Oregon, Arizona, Florida, and Massachusetts, this report looks at the specific ways in which regulation,…
Connecting for global competitiveness: Florida’s Super Region
March 11, 2010|The Tampa Bay Partnership, Central Florida Partnership
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Executive Summary
Two Choices for the Region’s Future
High-speed rail (HSR) integrated with local transit systems will connect Florida’s Super Region in a way that provides an opportunity to reshape its future. Using computer-aided analysis based on population and job projections, this study presents two alternatives for the Super Region in 2050. In one alternative, new development follows the patterns already established in Florida, despite transportation investments. In the second alternative, the presence of HSR and local transit permits compact urban centers and infill development along transit corridors, while development away from the new transportation continues in current patterns. This second alternative creates a far more sustainable development future while preserving a range of lifestyle choices.
Saving The Region’s Natural Landscape
Florida’s landscape and lifestyle are great competitive advantages, but new development can threaten the unique natural character of…
City of Tampa Comprehensive Plan Transit Station Area Policies
February 17, 2010
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The development of a fixed-guideway mass transit system for the Tampa Bay region has been under consideration for several years. ln 2002, the Hillsborough Area Regional Transit (HART) Authority completed a multi-year effort to examine the feasibility of a light rail system in Hillsborough County using CSXT rail lines and new track in other areas. A previous major investment study, “The Mobility Study,” identified a rail system that one day could connect Pinellas, Pasco, Hillsborough and Polk counties via CSXT lines. The HART Rail Study (Environmental lmpact Study, Tampa Rail Project, 2002) refined the plans for the first phase of this system, examining lines in the most densely populated parts of Hillsborough. The first lines would link Downtown Tampa to the USF area and to the Westshore Business Area. The technical and planning information in the HART Rail Study has been integrated into current planning efforts.
Transit-Oriented Development Station Area Planning (Presentation)
July 29, 2009
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This 52-slide July 2009 presentation on Tampa Transit Station Types includes a discussion of transit-oriented development basics and a detailed discussion of station area planning, including determining characteristics of an area, transit mode and frequency, mix of use and housing types, the scale and placemaking. The slides include examples of the five main station area types: high intensity urban, mixed use regional, community stations, neighborhood center and commuter station.
Transit Oriented Development Design Guidelines
April 14, 2009|Florida DOT
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Introduction
The Florida Department of Transportation (FDOT), in partnership with the Florida Department of Community Affairs (DCA), is developing Transit Oriented Development (TOD) Design Guidelines to provide general parameters and strategies to local governments and agencies to promote and implement ‘transit ready’ development patterns. Focusing land use and urban design policies towards transit will help to optimize future transit investments and potential transit ridership.
FDOT is holding a series of workshops throughout the state to vet the TOD Design Guidelines with local governments, agencies, and the public. Based on this outreach process, the resulting guidelines are intended to provide guidance to local governments in refining their Comprehensive Plans and Land Development Codes to support various transit technologies and TOD.
TODs are moderate to high density, mixed-use, and walkable developments designed to facilitate transit and accommodate multiple modes of…
Effects Of Walkability On Property Values And Investment Returns
March 31, 2009
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Abstract
The purpose of this study was to examine the effects of walkability on property values and investment returns. Walkability is the degree to which an area within walking distance of a property encourages walking for recreational or functional purposes. It is of particular concern to developers, investors and others interested in sustainable and responsible property investing because of its potential social and environmental benefits. We used data from the National Council of Real Estate Investment Fiduciaries (NCREIF) and Walk Score to examine the effects of walkability on the market value and annual investment returns of nearly 11,000 office, apartment, retail and industrial properties over the past decade in the USA. We find that, all else being equal, the benefits of walkability are capitalized into office, retail, apartment and industrial property values with more walkable sites commanding higher property values. On a 100 point scale, a 10 point increase in walkability…
A Brief Look At Restoration
March 31, 2009
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Restoration
Edgewater, Florida
As a Development of Regional Impact in the state of Florida, Restoration has to obtain a recommendation from the regional planning council prior to approval from the City. Additionally, in order to successfully implement the project, a Comprehensive Plan text and map amendment (CPA) was submitted to the City of Edgewater that created a new land use classifi cation, known as the Sustainable Community Development District (SCD). At the time of this entry, the East Central Florida Regional Planning Council and the City of Edgewater Planning and Zoning Commission have unanimous approval. Th e Volusia County Growth Management Commission has also provided the City of Edgewater with a favorable recommendation towards the CPA. The State Department of Community Aff airs has also reviewed the project. Th e City Council is expected to approve the CPA and the DRI on February 6, 2009. Once the Development Order is approved, the project team will craft a new…









