Getting the Best Bang for Your Buck: How to Leverage TOD Investment
Thursday, September 28, 2017
11:15 a.m. - 12:30 p.m. EDT
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Recent public transit expansion in NC and elsewhere represents a massive public investment, and it is critical that communities leverage this to attract other investment near major transit stations. This session will demonstrate best practices in planning for transit oriented development (TOD) in NC (Charlotte and Chapel Hill) and in other cities. A three person panel will save time for audience interaction.
This session will provide the audience with specific case studies and best practices on how to successfully promote and plan for TOD around major transit stations. Public transportation systems are reaching out further than ever before into urban, suburban and rural parts fo NC. For example, the PART bus system connects Winston-Salem job centers with small towns in rural Surrey County to the north. As transit systems have grown in NC and in other cities, the cost of the systems have grown substantially. This often represents the greatest single public investmnet in infrastructure that many communities have ever seen. For example, the current cost of the planned light rail transit (LRT) system from Durham to Chapel Hill exceeds $2 billion. Likewise, the opportunity and need to develop and carry out plans to actively promote TOD around these systems' stations has risen as well. Many communities have been seeing growing success in their TOD efforts. For example, more than $1.8 billion in TOD investment has occurred along Charlotte's Blue Line LRT (existing and under construction) since it opened. Panel participants in this session will present detailed graphics and information on projects in which they have been directly involved. Presentations will focus on best practices being used on different projects, on lessons learned, and on successes achieved. In addition to looking at TOD along existing and planned rail transit systems in NC, attention will also be given to TOD located along bus rapid transit (BRT) systems in use in a growing number of US/Canadian cities and in many Latin American cities. These systems are much cheaper than rail systems to construct but can fuction similarly to rail when designed properly. Particular BRT case studies will be offered on the Cleveland Healthline, York Region (Ontario) Viva, and the TransMilenio system in Bogota, Colombia. TOD assessment tools in use will also be reviewed, such as three key issues in successfully attracting TOD: 1) the quality of the transit system and stations, 2) the strength of the development market in station areas, and 3) the role of government and other actors in providing incentives for development near transit stations. Session audience members will be asked several questions at the end of the presentations and will be actively encouraged to offer their comments and questions on these and other TOD related situations with which they are familiar.
Ben Hitchings, AICP
Alan Goodwin, AICP
Benjamin Howell, email@example.com