Tag: Transit-oriented development

Speaking out for smart growth issues leads to a better transportation bill in the Senate

Yesterday, the Senate finally passed its version of a six-year federal transportation bill. As you likely know by now, this bill will have a huge impact on how communities across America grow in the coming years.

We asked you to speak out about a number of issues related to this bill over the last few weeks. And right now, I want to say thank you for stepping up.

Many of the crucial provisions we championed—the Safe Streets Act, TIFIA financing for transit-oriented development, and protection of the TIGER grants program at the U.S. Department of Transportation—were included in the final version of the bill.

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Senate transportation bill expands financing for transit-oriented development

Senators Schatz, Markey and Merkley champion provision to support investment in neighborhoods near transit

The Senate passed its final six-year transportation reauthorization bill today, and included in the bill is a provision to expand the eligibility of transit-oriented development (TOD) projects for federal TIFIA financing. The provision would also expand financing for infrastructure projects that promote transit ridership, walkability, or increased private investment.

“If you took a bus or train to work today, you know how convenient it is to live and work near a transit stop,” said Christopher Coes, Director of LOCUS. “Transit-oriented development makes day-to-day life easier for millions of Americans. It’s also the backbone of regional economies across the country. The Senate’s bill will make creating new TOD projects easier, and will give more Americans the option to live and work near transit while also supporting economic growth nationwide.”

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A new bill in Congress would create new financing option for transit-oriented development

booker-tod

Transit-oriented development (TOD) can make it easier for people to live and work near public transportation. These places are in high demand and real estate developers are eager to build them, but because they’re often complicated TOD projects can be difficult to secure financing for.

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U.S. Transportation Anthony Foxx voices support for transit-oriented development before Senate EPW Committee

foxx-tod

U.S. Secretary of Transportation Anthony Foxx testified before the Senate Committee on Environment and Public Works this morning on a number of issues related to the next transportation bill. Senator Edward Markey (D-MA) asked the Secretary what role, if any, transit-oriented development should play.

“When you build a transit station, it captures the imagination of real estate developers,” Secretary Foxx replied, “and they start to build dense developments and bring amenities to communities. I would urge that we do more to partner with local communities, and to help them develop the tools to utilize land use opportunities.”

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LOCUS invites developers and investors to make transit-oriented development deals in Atlanta

Pre-register now and join LOCUS on February 10, 2015 in downtown Atlanta, GA for a private luncheon at our LOCUS LinkUp: The Next Big Deals around Transit-Oriented Development in Atlanta. Municipalities across the country are eager to draw investment and bring jobs to their communities through mixed-use transit-oriented development. To help facilitate these efforts, LOCUS launched the LinkUp program to connect local elected officials with LOCUS real estate developers and investors to create more models of walkable, sustainable developments on the ground.

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FTA voices its formal support for joint development

Joint developmentTriMet’s joint development program in Portland, OR, helped build the Patton Apartments (above) on land once occupied by the Crown Motel. Photo via SERA Architects.

Developing land owned by transit agencies boosts ridership and supports local economies. So how come more agencies don’t do it?

New guidelines from the Federal Transit Administration (FTA) encourage transit agencies to do just that. In guidance issued on August 25, 2014, the FTA came out in support of joint development—cooperation between local transit agencies and real estate developers to make the most of agency-owned land. The new guidance is the first time the FTA has publicly recognized the multiple benefits of such cooperation, which include increased ridership, better transit access for the community, greater revenue for the transit agency, and broader economic development. From the document:

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Spotlight on Sustainability: Equitable transit-oriented development in Seattle, WA


Images from the Community Cornerstones Project Brochure.

Southeast Seattle is home to the most diverse and immigrant-populated neighborhoods in Seattle, Washington. Now, as a result of the Community Cornerstones project, it could become the City’s next equitable transit-oriented development (TOD) success story.

Part of the strategy is to attract dense mixed-use development to several of Southeast Seattle’s neighborhoods that are in close proximity to the light-rail system opened in 2009, while also preserving the area’s affordability for existing residents through partnerships with community development and financial institutions. The area is already home to one of the most transit-utilized areas of Seattle, and through the project the area is likely to grow with more people, businesses, and jobs.

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City Councilor Tim Lovain on promoting transit-oriented development in Alexandria, VA

King Street metro station

In a few weeks, Northern Virginia’s first bus rapid transit service will begin operations on dedicated busways through Alexandria, VA’s burgeoning Potomac Yard neighborhood. A visitor standing under one of the new station awnings can see a string of cranes stretching from north to south along US Route 1, at work on the planned 3000 residential units, 4 million square feet of office space, and 1 million square feet of retail space along the transit corridor. Alexandria City Councilor Tim Lovain, who championed the busway as an essential tool to support high-density growth in this corridor, smiles broadly as he describes the accomplishment, but is even more interested in the transit lines still under development in the city.

Many of these transit projects are included in the Transportation Master Plan Councilor Lovain helped adopt in 2008 during his first term on the Council. In addition to the Route 1 corridor, that plan identified two more high-priority corridors where bus rapid transit will be developed in anticipation of future streetcar lines. Both of those corridors are in the City’s newer West End, which is characterized by car-oriented, lower density development. West End neighborhoods are more difficult to serve with transit, but Councilor Lovain makes the case for it as an essential tool for economic survival in the transit-rich metropolitan Washington, DC region.

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West Baltimore, MD hosts workshop on preparing for the Red Line and future transit-oriented development

harlem-parkWest Baltimore could see a lot of changes with the proposed Red Line stations. Harlem Park station model via baltimoreredline.com

A new transit line is slated to be built in West Baltimore, MD, and on March 15, 2014 Smart Growth America met with West Baltimore leaders to discuss how the community can make the most of this new neighborhood asset.

The March 15 workshop was designed to help West Baltimore plan for better development around several proposed Red Line stations. At the meeting public officials presented on programs targeted to address the existing challenges residents see in the neighborhood. Much of the discussion centered on how to attract development to the corridor in conjunction with the planned Red Line stations, as well as how to ensure that development is equitable, and serves the neighborhood’s current residents as well as the community’s broader needs.

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Top 10 of 2013: Growing our coalition of smart growth real estate developers and investors

EOYA-LOCUSimage

This month we’re looking back at some of Smart Growth America’s brightest moments and greatest accomplishments from 2013. Today’s highlight? The work of LOCUS, our coalition of responsible real estate developers and investors.

Thousands of people live and work in the walkable, mixed-use neighborhoods built by LOCUS developers. And since its inception, LOCUS has advocated for state and federal policies that support a diverse array of development strategies.

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