Elements of Success and Local Examples - Trenton of Success and Local Examples Presented by New...
Transcript of Elements of Success and Local Examples - Trenton of Success and Local Examples Presented by New...
Transit Oriented Development: The BasicsElements of Success and Local Examples
Presented by New Jersey Future
Transit Oriented Development (TOD): What is it?
• TOD is typically mixed‐use commercial and residential development designed to maximize public transportation ridership
• Generally located between ½ and ¼ mile from a train, bus, subway or ferry terminal
• Tends to be higher density than surrounding areas
Elements of Successful TOD
• Walkability
• Density
• Mix of Uses
• Travel Options
• Public Spaces
• Community Engagement
Elements of Successful TOD: Walkability
• People within ½ mile of a train station are five times more likely to walk to transit
• Walkable design allows for vibrant atmosphere around the station, rather than acres of parking
• Connected Street network, good biking facilities
Elements of Successful TOD: Density
• More people, businesses and activities in the same place
• More people creates a safer, more vibrant atmosphere
• Higher density helps reduce carbon emissions
• Higher transit ridership
• More financially feasible
Elements of Successful TOD: Mix of Uses
• Housing, retail, office, recreation, entertainment
• Creates vibrancy
• Ability to handle daily needs without driving
• Adds convenience
• 24 hour atmosphere, not just 9‐to‐5
Elements of Successful TOD:Travel Options (Connectivity)
• Pedestrian oriented design
• Accommodations for bicycles
• Regional Bus lines
• Helps maximize transit ridership
Bus/Train connection in Lindenwold NJ
Bike racks on RiverLine
Elements of Successful TOD: Travel Options (Connectivity)
Elements of Successful TOD: Public Spaces
• Provides gathering space and opportunities for interaction
• Allows for local events
• Can be a community focal point
• Encourages more foot traffic, which can increase safety
Elements of Successful TOD: Public Spaces
Journal Square, Jersey City(Artist Rendering)
Trenton Transit Center, Trenton
Elements of Successful TOD: Community Engagement
• Clear, transparent process
• Soliciting feedback from area residents
• Providing as much information as possible
• Building consensus around the plan
Local Benefits: Property Values
• Dallas, within 1/4‐mile of DART – Residential values up 32%– Office values up 25%
•Washington D.C.– Every 1,000 ft. reduction in distance to rail station raises value of
commercial property $2.30/sq.ft.
• San Diego premiums near Coaster commuter rail– 46% for condominiums– 17% for single‐family housing.– 91% for commercial
Source: Reconnecting America
Local Benefits: Expanded Housing Choices
• Small apartments, lofts, townhouses and other types of housing built as part of a TOD can help expand the range of housing stock in an area and appeal to a wide‐range of potential residents
• Those households have more ways to get around, and in some instances can take care of errands on the neighborhood on foot.
Broader Benefits of TOD
• Increased ridership and connectivity
• Reduces greenhouse gas emissions
• Meets market demand
Broader Benefits: Increased Ridership and Connectivity
• People within a half‐mile radius are FIVE times as likely to walk to a transit stop than others
• TOD expands the amount of destinations that are accessible by public transportation, making alternative transportation more feasible statewide
Broader Benefits: Reduces Greenhouse Gas Emissions
• Studies show that greenhouse gas reductions from increases in fuel economy will be negated if VMT continues to rise at present levels
• TOD generates fewer VMT than other types of development
VMT Growth in NJ
0.0%
20.0%
40.0%
60.0%
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1976
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Year
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PopulationLicensed DriversVMT (millions)
Broader Benefits: Reduces Greenhouse Gas Emissions
Broader Benefits: Meeting Market Demand
• Young professionals, empty nesters, senior citizens are a growing segment of the population and will increase demand for TOD in coming years
• 71% of seniors polled by the AARP wanted to live within walking distance of transit
Source: Reconnecting America