Can BRT drive TOD? Yes, with the right government support

Conventional wisdom asserts that rail does a better job of spurring transit-oriented development than a bus rapid transit line, but until now no one has quantified the return on investment with a BRT line. A new study released by ITDP this week attempts to quantify the TOD potential of these transit options and find that, “Per dollar of transit investment, and under similar conditions, Bus Rapid Transit leverages more transit-oriented development investment than Light Rail Transit or streetcars.”

The New Real Estate Mantra: Location Near Public Transportation (APTA, National Association of Realtors & CNT, 2013)

This analysis investigates how well residential properties located in proximity to fixed-guideway transit have maintained their value as compared to residential properties without transit access between 2006 and 2011 in five regions. Across the study regions, the transit shed outperformed the region as a whole by 41.6 percent.

Finding the middle – balancing public and private interests with P3s

Many agencies have been slow to adopt a public private partnership model for transportation financing, which offers both funding opportunities and shortened timelines. One problem is that municipalities and states may not have the capacity to match the right private partner to the appropriate project and assess taxpayer impacts. Is it time to consider dedicated offices to handle P3s?

Cities feel left out of transportation discussion

At the first national conference of the National Association of City Transportation Officials (NACTO), city transportation and elected officials expressed dismay that cities may be on their own in moving forward with innovative plans and policies. Attendees were frsutrated that neither cities nor transportation overall got much attention during the recent campaign season.

New Chicago plan aims for zero traffic deaths in ten years

In a new transportation plan Chicago Mayor Rahm Emanuel and DOT Commissioner Gabe Klein laid out their vision of no traffic fatalities within ten years. While the safety goals received much of the recent press, abitious performance measures for sustainability, transportation choice, customer service, and economic development are also part of the plan.

Infrastructure banks offer funding opportunities for transportation projects

Via infrastructure banks, states or cities can leverage money for transportation projects, accelerate construction timelines, and recycle assistance for future transportation projects. Infrastructure banks can be used in conjunction with traditional financing and other innovative tools to maximize transportation investments. As Chicago announces the first local infrastructure bank, the White House pushes for a national infrastructure bank.

Prospering in Place: Linking Jobs, Development, and Transit to Spur Chicago’s Economy (Center for Neighborhood Technology, 2012)

This report presents a blueprint for revitalizing specific neighborhoods within the Chicago urban area by focusing on the transit and rail networks already in place. It calls for investment in the places with the best chance …

Prospering in Place: Linking Jobs, Development, and Transit to Spur Chicago’s Economy (Center for Neighborhood Technology, 2012)

This report presents a blueprint for revitalizing specific neighborhoods within the Chicago urban area by focusing on the transit and rail networks already in place. It calls for investment in the places with the best chance …