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    TOD Developer RC

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    samir_dattatre
    This document defines transit-oriented development as mixed-use, higher density development within walking distance of a transit station. It describes the characteristics of TOD as a mix of uses, moderate to high density, pedestrian orientation, transportation choices, reduced parking, and high quality design. The document outlines reasons to pursue TOD such as increased property values and lower development costs, and discusses supportive market conditions and development policies needed to implement TOD.

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    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd

    TOD Developer RC

    Uploaded by

    samir_dattatre
    70 views37 pages
    This document defines transit-oriented development as mixed-use, higher density development within walking distance of a transit station. It describes the characteristics of TOD as a mix of uses, moderate to high density, pedestrian orientation, transportation choices, reduced parking, and high quality design. The document outlines reasons to pursue TOD such as increased property values and lower development costs, and discusses supportive market conditions and development policies needed to implement TOD.

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    This document defines transit-oriented development as mixed-use, higher density development within walking distance of a transit station. It describes the characteristics of TOD as a mix of uses, moderate to high density, pedestrian orientation, transportation choices, reduced parking, and high quality design. The document outlines reasons to pursue TOD such as increased property values and lower development costs, and discusses supportive market conditions and development policies needed to implement TOD.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    70 views37 pages

    TOD Developer RC

    Uploaded by

    samir_dattatre
    This document defines transit-oriented development as mixed-use, higher density development within walking distance of a transit station. It describes the characteristics of TOD as a mix of uses, moderate to high density, pedestrian orientation, transportation choices, reduced parking, and high quality design. The document outlines reasons to pursue TOD such as increased property values and lower development costs, and discusses supportive market conditions and development policies needed to implement TOD.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 37

    Transit-Oriented Development

    TOD
    Making it Happen

    Smart Growth / Smart Energy Toolkit

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    What is Transit-Oriented
    Development (TOD)?

     Mixed-use, higher
    density, pedestrian
    friendly development
    within walking
    distance of a transit
    station.

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Characteristics of Transit-Oriented
    Development
     A mix of uses;
     Moderate to high density;
     Pedestrian orientation/connectivity;
     Transportation choices;
     Reduced parking;
     High quality design.

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Reasons to Pursue TOD
     Property values near transit stations
    increase faster than other locations;
     Lower development costs;
     Opportunity for cost sharing;
     Create a 24 hour community;
     Re-use historic or underutilized sites.

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Supportive Market Conditions
     Strong regional market;
     Competitive station area;
     Vacant/re-developable land available;
     Large parcels in single ownership or easily assembled;
     Supportive public policies.

    Gloucester TOD

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    TOD - Supportive Development
    Policies/Tools
     Station area plans;
     Higher density, mixed use zoning;
     Density bonuses;
     Reduced parking requirements;
     Design standards/guidelines;
     Pedestrian amenities;
     Public investment policies.

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Station area plans consider
    market conditions, land use goals,
    and development opportunities
    within ¼ to ½ mile of stations to
    help guide development around
    transit systems.

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Hartford Station Area Plan
    Proposed Busway Station

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Columbus, OH Station Plan

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Station area design guidelines ensure
    attractive, high quality station area
    development that encourages
    pedestrian activity.

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Concord Center, MA

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Transit-Oriented
    Streetscape Improvements

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Transit-oriented development zoning
    districts allow for increased densities,
    mixed uses, and reduced parking
    requirements, thus lower development
    costs.

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Types of Transit-Oriented Development

     Joint development and air rights;


     Co-development;
     Transit-responsive development;
     Reinvestment and redevelopment.

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Joint Development and
    Air Rights

     Almost always uses station site or air


    rights;
     Transit agency an active partner;
     Potential for shared construction;
     Operation/Management of station may
    be combined.

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Harvard Square Air Rights
    Development

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Copley Place, Boston

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Kendall Square Marriott and T Station

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Co-Development

     Usually involves sites adjacent to stations ;


     Occurs when station is built;
     Involves cooperation for mutual benefit;
     Potential to coordinate design and
    construction of development and station.

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Office and Housing Development
    At Alewife Red Line Station

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Office Development Adjacent
    To Davis Square Station

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Transit-Responsive Development

     Located within walking distance of


    station;
     Transit enhances viability of existing
    sites;
     Utilizes existing building, vacant sites,
    or redevelopment sites.

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Examples of Transit-Responsive
    Development

    Ballardvale Station, North Andover

    Canton, MA Condominiums at Station

    Concord Center - Housing and Retail


    Smart Growth / Smart Energy Toolkit Transit-Oriented Development
    Reinvestment and Redevelopment

    Transit can:
     stabilize property values;
     encourage investment in existing properties;
     lead to increases in property values with
    modest investment.

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Examples of Reinvestment and
    Redevelopment

    East Cambridge Newton Center

    Haverhill
    East Cambridge

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Transit Adjacent Development:
    A Missed Opportunity

    New development adjacent to


    transit, but without connectivity to
    or interaction with transit service

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Examples of Transit-Adjacent
    Development

    Beverly Farms Station Re-use Jefferson at Salem Station


    No transit-supportive uses No pedestrian access

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Financing TOD
     Often combines private and public
    financing;
     Market conditions dictate public/private
    ratio;
     Public financing takes many forms, from
    sharing infrastructure costs to outright
    grants.

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Federal Financing Tools
     Transportation Enhancements Program (FHWA);
     Congestion Mitigation and Air Quality Program
    (FHWA);
     Transportation & Community & System
    Preservation Pilot Program (FTA);
     Transportation Infrastructure Finance and
    Innovation Act of 1998;
     Location Efficient Mortgages (Fannie Mae);
     Brownfields Program (US EPA).

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    State Financing Tools
     Commercial Area Transit Node Program
    (DHCD);
     TOD Bond Program (OCD);
     Off Street Parking Program (ANF);
     Public Works Economic Development (EOT);
     Community Development Action Grants
    (DHCD);
     Urban Brownfields Site Assessment (EOEA);
     Priority Development Fund (Planning Assistance
    Grants);
     Siting of government facilities.

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Local Incentives

     Transit Overlay Districts with density bonuses;


     Tax incentives, including abatements and credits;
     Streamlined permitting process;
     Flexible parking requirements;
     Sale of public land;
     Air rights development;
     Transit-supportive design guidelines;
     Capital improvement plans.

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Local Incentives

     Station area plans;


     Site assemblage;
     Land swaps;
     Sale/lease of development rights;
     Provision of infrastructure;
     Tax Increment Financing;
     Siting of government facilities.

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    CASE STUDY

    Concord, MA The Concord Center Station


    In 1987 the Town prepared a long range plan intended to
    direct development in Concord. The long range plan identified
    the Concord Center station as an important node for future
    higher density commercial and residential development.

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    CASE STUDY

    Somerville, MA The Davis Square Red Line Station

    Residents, businesses and public officials created the Davis


    Square Action Plan in anticipation of a new Red Line heavy rail
    station in Somerville. The plan led to the establishment of the
    Davis Square Redevelopment Area, adoption of a Design Review
    Overlay District, and resourceful public financing to create a
    vibrant, mixed use urban center focused around the T station.

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    Transit Oriented Development –
    Creating a Sustainable Tomorrow

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    USEFUL LINKS:
    http://www.nctr.usf.edu/pdf/473-135.pdf National Center for Transit
    Research, University of South Florida - Building Transit Oriented
    Development in Established Communities
    http://gulliver.trb.org/publications/tcrp/tcrp_lrd_12.pdf The Transit
    Cooperative Research Program - The Zoning and Real Estate
    Implications of Transit-Oriented Development  

    http://trb.org/news/blurb_detail.asp?id=2594 Transportation
    Research Board of the National Academies - The Role of Transit
    in Creating Livable Metropolitan Communities
     
    http://gulliver.trb.org/publications/tcrp/tcrp_rrd_52.pdf
    Transit-Oriented Development and Joint Development in the United
    States:  A Literature Review

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development


    USEFUL LINKS:
    http://www.apta.com/research/info/briefings/briefing_8.cfm
    American Public Transportation Association - Transit Resource Guide
    http://www.vtpi.org/tdm/tdm45.htm Victoria Transport Policy
    Institute - Using Public Transit to Create More Accessible and Livable
    Neighborhoods  

    www.crcog.org/publications/CommDevDocs/TCSP/Ch05_Technical_T
    OD.pdf
    Capital Region Council of Governments -Transit-Oriented
    Development – Detailed Technical Analysis  

    www.mrsc.org/Subjects/Transpo/transitdev.aspx
    Municipal Research and Services Center for Washington – Transit
    Oriented Development - a list of resources

    Smart Growth / Smart Energy Toolkit Transit-Oriented Development

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