|
Introduction
<br /> • The Benefits of Transit-Related
<br /> Development
<br /> The Relationship between Transit and Land Use
<br /> ?,, _,, ,,,,i,....;,,,,,, The introduction of rail (or other) transit can provide a boost to
<br /> �,� . . -47,
<br /> 4 w,, a ` land development opportunities near stations if there is a strong
<br /> L,„ ;, ,-,-
<br /> 1/..;,<•
<br /> „ investment climate and ift public plans, regulations and,possibly,
<br /> ”' , x incentives are in place. With the right combination of priv,t..
<br /> ate
<br /> ,, `..1,- andpublic factors, transit Station Neighborhood development
<br /> .),. a , ,-;„,_ -- -= g
<br /> can increase system ridership,help create interesting, sustainable
<br /> neighborhoods or districts,help guide regional growth and
<br /> broaden the range of choices in travel,residence and shopping.
<br /> In regions of the country that have favorable market conditions,
<br /> high levels of transit ridership, and supportive public policies,
<br /> considerable development has occurred near transit stations.
<br /> Benefits of Appropriate Station Neighborhood
<br /> Land Development
<br /> III
<br /> Station Neighborhood land development can have these benefits:
<br /> • Increased system ridership
<br /> • Increased property values
<br /> • Increased property tax revenues
<br /> •Alternatives to auto-oriented development
<br /> • Support for urban revitalization
<br /> • Greater consumer choice
<br /> • Improved environmental quality
<br /> • Enhanced retail opportunities
<br /> Increased System Ridership
<br /> Ridership on the Northstar commuter rail will be enhanced by
<br /> ,;, having a sufficient number of riders living and working near the
<br /> 1-., stations. Many studies have shown that transit use is much higher
<br /> .' • y for those livingwithin walkingdistance of a station than those
<br /> int
<br /> ii_ living in the surrounding region.
<br /> Station Neighborhood Development Guidelines 2 Northstar Corridor Development Authority
<br />
|