A unique public funding structure called Transportation Reinvestment Zones is a new strategy to increase funds available for public transportation and expanded housing near transit. TRZs work on the principle that improved amenities, access, and convenience will lead to increased property taxes, generating funds for transit and other public services.
TIF
New generation of transit hubs redefining train stations’ place in communities
Whereas the grand train stations of yesteryear were monuments to transportation with their soaring cathedral-like ceilings, huge open spaces, and rows of wooden benches – today’s transit hubs have both a new aesthetic and role in their communities. They often link multiple modes – heavy rail, light rail, buses, bikes, etc. – and act as central gathering spaces for their communities, with shops, restaurants, parks, space for performances, and public art. The changing role for transit stations was outlined in several recent articles.
Value capture fuels transit expansion in Charlotte area
State and local transit planners in North Carolina are looking at a plan that combines two forms of value capture in order to construct and operate commuter rail running north from Charlotte. The plan, made …