Facts show that home values are 40% higher near transit. People want to live near transit for convenience, for property values, and for employment opportunities. More and more people, young and old, want to live in higher densities where they can use multiple modes of transportation as they see fit.
When it comes to choosing a residence, Millennials (20 & 30 somethings):
- Prefer walkable neighborhoods
- Close to transit
- Accessible to jobs
- Will trade square footage for these things
- More bike rides
- Less miles driven
- 26% have no drivers license
Case Study - Cleveland RTA (HealthLine, Little Italy-University Center, Euclid Corridor)
The Silver Line (BRT) is a 5 miles long stretch with 36 stops that links downtown with University Center. Cleveland found success through:
Closing a street to through traffic yet allowing cyclist, pedestrians, and transit
Creating a new multi-modal transit center where one can get:
* Express buses
* Shuttles to Park & Rides
* Train
Multi-modal Stations along the route
Rail-like Service and Image:
* Dedicated lanes
* Priority lights
* Greater speed limits
* Reduced travel times
Economically diverse communities
* HUD homes and affordable housing near market price condos
Funding Sources
- State grants
- FHWA
- City (Capital Improvement Program)
Plan for Minimum and Maximums for:
- Parking time limits
- Setbacks
Leveraging Resources: Stringing the pearls of finance, politics, and development
- Buy in/support
- Engagement
- Shared vision
Financial
- Funding for improvements
- Return
- TIGER funds
How to be Successful
- Aggressive land assembly
- Mixed use development
- Prioritization of density
- Bring business to the street
- More bike facilities
- Make it a campaign
- Public-Private Partnerships
- Don't forget management and maintenance
- Provide lighting, progressive way finding
For more information visit:
http://www.riderta.com/majorprojects/
Source: APA National Conference Session
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