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There is a
realization that a substantial market exists for a new form of
walkable, mixed use urban development around new rail stations and
transit stops. Changing demographics are leading to a need for a
diversification of real estate projects, and the type of development
known variously as transit villages or transit oriented development
(TOD) is beginning to receive serious attention in real estate markets
around the nation. These transit oriented developments have the
potential to provide residents with improved quality of life and
reduced household transportation expenses while providing the region
with stable mixed-income neighborhoods that reduce environmental
impacts and provide real alternatives to traffic congestion.

The ATR
Institute works with a team that includes the Great
American Station Foundation, the Center for Neighborhood Technology (Chicago), and
Strategic Economics (San Francisco/Berkeley). The goal of the TOD
Project is to meet the market demand for walkable transit oriented
communities around rail stations and transit stops in a way that
delivers on the equity and environmental promises of this kind of
development.
The first step
was bring transit oriented development to scale, document the
state of the practice at the present time, and analyze the barriers
that have prevented full realization of the transit oriented
development opportunity. The second part of the learning process
was to assemble two-day TOD workshop sessions to key regions across the
United States to gain an in-depth understanding of the problems faced
by practitioners on the ground.
After
completion of the first two phases, the team will develop a manual on Best
Practices in Transit Oriented Development. This handbook will
include case studies on successful developments in different scale and
settings, including urban, suburban, and commuter towns, and market
rate and subsidized products.
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