TRANSIT STATION AREA JOINT DEVELOPMENT: STRATEGIES FOR IMPLEMENTATION. VOLUME 1
Joint development strategies seek to create three conditions in station areas: improved design, integrated transit and land development, and value capture. This study constitutes one part of an overall effort by UMTA to promote joint development (multiple use of transportation corridors and stops). This study addresses the practical means of implementing joint development. A major focus of this effort is to develop methods which could be used to make accurate estimates of the value capture potential of transit station areas. This report presents the results of a two years analysis of joint development and contains: (1) an analysis of 19 case studies of examples of transit/land use joint development; (2) an analysis of the impacts of transit on property values; (3) an analysis of 28 techniques--including regulatory mechanisms, taxation, land acquisition, and public assumption of risk strategies--available to local governments which can be used to foster station area development; and (4) a proposed model legislation for the creation of Transit Corridor Development Agencies. Three categories of constraints on joint development are identified: limited station area development and value capture potential; multiple ownership of land; and inadequate public/private and interagency coordination. Recommendations resulting from this study include suggestions for program revisions, more coordination among Federal departments, and better Federal-local relationships. This study indicates that the recapture of land values will prove an important but limited source of transit financing.
- Sponsored by DOT, Urban Mass Transportation Administration. See also Volume 2, PB-268104.
Administration and Management Research Association250 Broadway
New York, NY USA 10007
Urban Mass Transportation Administration400 7th Street, SW
Washington, DC USA 20590
- Publication Date: 1976-2
- Pagination: 343 p.
- TRT Terms: Case studies; Economic analysis; Implementation; Joint development; Land use; Present value; Rail transit stations; Railroad stations; Socioeconomic factors; Transportation planning; Urban transportation; Value capture
- Uncontrolled Terms: Value
- Subject Areas: Economics; Highways; Operations and Traffic Management; Passenger Transportation; Planning and Forecasting; Public Transportation; Railroads; Research; Society; Terminals and Facilities;
- Accession Number: 00158065
- Record Type: Publication
- Source Agency: Urban Mass Transportation Administration
- Report/Paper Numbers: UMTA-NY-06-0047-77-1Final Rpt.
- Contract Numbers: UMTA-NY-06-0047
- Files: NTIS, TRIS, USDOT
- Created Date: Oct 13 1981 12:00AM