Sentences with phrase «funding high density areas»
The Senate's version of the transportation bill, passed earlier this year, would not cut the current funding high density areas like New York receive.
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Current law allows these high density areas to receive the extra funding because they account for half of all transit in the country.
They can acquire air rights primarily from two sources: the unused development rights of the many landmarked buildings in the area, or by contributing to a fund to pay for mass - transit improvements at Grand Central Terminal and other subway stations affected by the anticipated higher densities.
Otteau: From our market perspective, the arguments against higher density and more transportation - efficient zoning are twofold: Less development means fewer cars on the road (although in reality the opposite is true), and higher density equates to higher taxes to fund services for the greater number of families in an area.
The fund, with $ 1 billion in equity and total capitalization of approximately $ 4 billion, will focus on the development, redevelopment and repositioning of properties in urban and high - density suburban areas nationwide.