CONFERENCE ON TRANSPORTATION PARTNERSHIPS: IMPROVING URBAN MOBILITY THROUGH PUBLIC-PRIVATE PARTNERSHIPS, DALLAS, TEXAS, MARCH 14-15, 1984. WORKSHOP SUMMARIES: PUBLIC-PRIVATE COOPERATION IN TRANSPORTATION AND REAL ESTATE DEVELOPMENT--TRANSIT RELATED DEVELOPMENT: THE PRIVATE SECTOR ROLE

This workshop examined linkage between mass transit system development and associated real-estate development (joint development). There are many facets. Important elements of a successful strategy are: (1) public policy supportive of joint development; (2) strong real-estate capabilities in the transit organization for participation in system planning and design; (3) transit agencies' acceptance of the private development influence in joint planning; (4) use of development incentives such as density bonuses, tax-exempt financing, exclusiveness in stations and favorable lease terms; (5) commitment to project objectives with sufficient flexibility to deal with changing market and financial conditions (6) use of negotiated development approvals; (7) use of general benefit assessment districts to capture transit benefits and finance transit costs. New York City has much experience in these private/public deals. At the federal level, UMTA is exploring new financing strategies which reinforce public/private ventures that improve transit economics.

• Record URL:
  • https://onlinepubs.trb.org/Onlinepubs/trcircular/290/290-009.pdf
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/00978515
• Supplemental Notes:
  • Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Black, J T
• Publication Date: 1985-3

Media Info

• Media Type: Digital/other
• Pagination: p. 20-21
• Serial:
  • Transportation Research Circular
  • Issue Number: 290
  • Publisher: Transportation Research Board
  • ISSN: 0097-8515

Subject/Index Terms

• TRT Terms: Assessments; Benefits; Developers; Joint development; Management; Planning; Private enterprise; Rail transit stations; Real property; Transit operating agencies; User charges
• Uncontrolled Terms: Special assessments
• Geographic Terms: New York (New York)
• Old TRIS Terms: Management planning
• Subject Areas: Administration and Management; Finance; Highways; Planning and Forecasting; Public Transportation; Society; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 00396485
• Record Type: Publication
• Files: TRIS, TRB
• Created Date: Sep 30 1985 12:00AM