Transit-Oriented Development News
Friday, March 22nd, 2013
Residential real estate sales prices for properties located near transit are healthier and more resilient than in the broader metropolitan region. That’s the conclusion of The New Real Estate Mantra: Location Near Public Transportation, written by CNT and commissioned by the American Public Transportation Association (APTA) and the National Association of Realtors® (NAR). Although residential real estate prices dropped during the recession in the five regions studied (2006 to 2011 in Boston, Chicago, Minneapolis-St. Paul, Phoenix, and San Francisco), average sales prices for residential properties within walking distance of a heavy rail, light rail, commuter rail, and Bus Rapid Transit (BRT) station outperformed the region by an average of 42 percent.
In Boston, transit-served areas (transit sheds) outperformed the region by a staggering 129 percent. In Chicago, home values in transit served areas performed 30 percent better than the region; in San Francisco, 37 percent; Minneapolis-St Paul, 48 percent; and in Phoenix 37 percent.
Read more »
Posted in Featured Portfolio News, H+T, Location efficiency, Transit-Oriented Development, Transportation and Community Development | 1 Comment »
Friday, February 8th, 2013
The Center for Transit-Oriented Development (CTOD) today released results of a year-long study into the potential for transit-oriented development to unlock economic, environmental and fiscal benefits for Pittsburgh and Allegheny County. The report, “Transit-Oriented Development Typology Strategy for Allegheny County,” was commissioned by the Pittsburgh Community Reinvestment Group under the auspices of its GoBurgh initiative and funded by the Heinz Endowments. Read more »
Posted in Featured Portfolio News, Location efficiency, Transit-Oriented Development, Transportation and Community Development | No Comments »
Tuesday, December 21st, 2010
Clean-up has begun on 40 acres of prime industrial land straddling Chicagoland’s Dixmoor and Harvey
A ribbon cutting ceremony to mark the environmental remediation of 40 acres of prime industrial land straddling Chicagoland’s Dixmoor and Harvey was held on Monday with dozens of stakeholders in attendance. U.S. Rep. Jesse Jackson, Jr.; Illinois Rep. Will Davis; Dixmoor Mayor Keevan Grimmett; and Harvey Director of Planning and Community Development LaTonya Rufus spoke about the benefits of returning the site to industrial use: job creation, increased tax revenue for the towns, and a renewed sense of pride.
The political leaders also acknowledged the important contributions of CNT, the South Suburban Mayors and Managers Association (SSMMA), U.S. Environmental Protection Agency (EPA) and Land Resource Management Group to make the clean-up possible. Read more »
Posted in Featured Portfolio News, Transit-Oriented Development, Transportation and Community Development | No Comments »
Thursday, December 16th, 2010
A new guidebook by the Center for Transit-Oriented Development (CTOD) provides information to help planners create high-quality transit-oriented developments (TOD) that reduce vehicle miles traveled (VMT) while creating a host of community benefits. CTOD is a national coalition group that includes CNT, Reconnecting America, and Strategic Economics.
The guidebook builds off of the TOD Database, a web tool that provides economic and demographic information for every existing and proposed fixed guideway transit station in the United States. Read more »
Posted in Featured Portfolio News, Transit-Oriented Development, Transportation and Community Development | No Comments »
Wednesday, June 30th, 2010
This map shows that cities produces less GHG's, per capita, than areas that require more Vehicle Miles Traveled (VMT).
CNT, through our partnership with the Center for Transit-Oriented Development (CTOD), has released, “Transit-Oriented Development and the Potential for VMT-related Greenhouse Gas Emissions Reduction.” This report provides a quantitative analysis of potential greenhouse gas reductions of transit-oriented development from the transport sector.
The research, led by CNT, finds that by living in a central city near transit, the average household can reduce its transportation-related greenhouse gas emissions by 43 percent. The number increases when living near the most location efficient transit zones, which can result in a 78 percent emission reduction.
“This research shows that, in a nutshell, location does indeed matter,” said Scott Bernstein, President of CNT. “Individuals and families that live near transit centers own fewer automobiles, drive fewer miles, and leave a much smaller carbon footprint than those who don’t.” Read more »
Posted in Featured Portfolio News, Location efficiency, Transit-Oriented Development, Transportation and Community Development | No Comments »
Wednesday, February 3rd, 2010
(From CNT’s partner, Reconnecting America)
The U.S. Department of Transportation has released its 2009 Record of Accomplishment, and it includes implementation of the Economic Recovery Act, called “the most ambitious infrastructure investment program in more than half a century, creation of the TIGER (Transportation Investment Generating Economic Recovery) grant program, and a number of other initiatives including the Federal Transit Administration’s work with the Center for Transit-Oriented Development.
Read more »
Posted in Featured Portfolio News, Policy, Transit-Oriented Development, Transportation and Community Development | No Comments »
Thursday, August 27th, 2009
The Center for Transit-Oriented Development is celebrating its fifth year, and has published a brochure detailing our projects, partnerships and intellectual capital. Download it here to find out what we do and how our national experience might be able to leverage your efforts, with the end goal of promoting sustainability, livability and affordability. The Center for Transit-Oriented Development is a partnership of Reconnecting America, CNT and Strategic Economics. Read more about CTOD on our site.
Also, check out the interactive map on CTOD’s projects across the country on Reconnecting America’s site.
Posted in General News, Transit-Oriented Development | No Comments »
Monday, May 19th, 2008
The launch of CNT’s new Housing + Transportation Affordability Index website has lead to news stories from Boston to Seattle and from Minneapolis-St. Paul to Austin. On Monday, NPR did a story on what it costs to commute in the D.C. area. CNT talked to individuals across the country who live in compact transit-rich neighborhoods about why they choose to live there.
Read more »
Posted in Featured Portfolio News, H+T, Location efficiency, News, Transit-Oriented Development, Transportation and Community Development | No Comments »
Tuesday, April 8th, 2008
Update! The Housing + Transportation Affordability Index has received lots of attention around the country. From bloggers to the Washington Post and The Wall Street Journal to other industry professionals, here’s what people are saying.
CNT’s new Housing + Transportation Affordability Index interactive mapping tool has just launched; the new website – http://htaindex.cnt.org – will enable planners, policy-makers, housing and transit advocates, and individuals to calculate the true costs of housing and transportation in cities across the United States.
Read more »
Posted in Featured Portfolio News, H+T, Location efficiency, Press Releases, Transit-Oriented Development, Transportation and Community Development | No Comments »
Friday, March 28th, 2008
Over the course of the past year, CNT and the Surface Transportation Policy Partnership have held a series of webinars and workshops aimed at educating transportation advocates, government officials, developers, and citizens on the transportation planning process. These have been part of a larger project whose goal is to improve the quality of public involvement during transportation planning.
Read more »
Posted in Featured Portfolio News, Transit-Oriented Development, Transportation and Community Development | No Comments »
