“A quarter of all households…looking for housing in the next 20 years — 14.6 million households — will be looking for housing within a quarter mile of a…transit stop” (page 7). This presentation by David Taylor, Senior Vice President of Sustainable Transportation Solutions is designed to demonstrate Return on Investment (ROI) for Transit-Oriented Development (TOD) projects. Planners and local leaders can use this presentation both as a template for stating their own ROI case to various constituencies, as well as to see which TOD projects nationally are worth emulating.
TOD solutions include commuter rails, light rails, and streetcars. More importantly, TOD solutions contribute to the economic vitality of the local community.
Other presentation highlights include:
- An increase in residential ROI. Examples listed are: San Francisco residential values increased by $23,000 at BART stations, Brisbane (residential values increased by 20%), Portland (11% increase), Santa Clara (23% increase) and Atlanta had a $1000 increase of value per 100 feet closer to a station (page 19).
- Streetcar availability provides an increase in development dollars to a local economy (page 22). Portland had $2.5 billion in private investment along streetcar availability, and Tampa had $1.5 billion in total benefits.
How to Use
This presentation is an excellent resource for the planner or leader seeking to demonstrate ROI investment for TOD initiatives locally because it demonstrates public investment as it relates to private investment and economic reward. Planners should use the ROI presentation as a template and/or starting point for further investigation.
View full report: Transit-Oriented Development – The Return on Investment (PDF – 3.3 MB)