Some have pushed for «value capture» plans that would allow the MTA to better share in the financial success of real estate developments
near transit stations.
But in growing recognition that the benefits of transit access often don't accrue to low - income riders, two agencies are testing strategies to encourage affordable
development near transit.
«We hope to grow our businesses in California, but it's difficult to recruit and retain employees when they could accept jobs in other states and pay a fraction of California's housing costs,» a group of tech chief executives wrote in a January letter supporting a bill that would've dramatically increased home building
near transit stops.
Gov. Jerry Brown (D) and lawmakers have been spending the money on the state's high - speed rail project, affordable
housing near transit and other programs linked to emissions reductions.
Gallinar said the mixed - use projects
built near transit stations will be the first of their kind in the West Texas city.
The Cuomo administration is working on a value capture plan that would tax building owners whose properties increase in value as a result of being
near transit in order to fund subway improvements.
The city passed an ordinance in September 2013 permitting higher density and less parking for developments
near transit hubs.
Of the proposal to create special tax districts on developments
near transit expansions, an idea known as value capture, Mr. de Blasio said such a move would «blow a hole in the city's budget» and allow the state to raid the city's property tax revenue, forcing him to cut back on vital services such as education or public safety.
Putting
people near transit (and vice-versa) boosts ridership, and many transit agencies talk about transit - oriented development.
For the dispatcher, it's through Gate 5A, as in
Adam near the transit center on Tantau where you will be entering.
She said the new residents are mainly young professionals and empty nesters drawn downtown by new housing options and other
amenities near transit stations.
BOSTON — Cornerstone Realty Capital has arranged an $ 8.5 million loan for the refinancing of a mid-rise office building in
Boston near transit hub South Station.
SB 827 implements precisely this approach: It shifts power over an important but specific aspect of land use policy — housing
density near transit — from the local level to the regional one.
Homes near transit stops outperformed homes in the rest of the metro area by 41.6 percent.
Other practical ways to cut costs is for cities to cut parking requirements (Portland eliminated
minimums near transit if affordable units are included, California is also floating this idea).
If you're
near a transit stop, Google Now will display the schedule of any upcoming busses or trains.
The Tacoma Pierce County Association of REALTORS ® feels the city should include owner - occupied multifamily
housing near transit and shopping in its plan, says Catherine Rudolph, the association's government affairs director.
Draft legislation obtained by Politico shows that the Cuomo administration is working on a value capture plan that would tax building owners whose properties increase in value as a result of being
near transit.
This system now holds the record for
the nearest transiting exoplanet.
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And businesses with directions on their website should include nearest bike racks and bike lanes and walking directions from
the nearest transit stations.
Part of this is we don't have the infrastructure so you either face hours of traffic or you can be walking distance or
near transit.»
APTA's Grisby sees promise in some of the older inner ring suburbs that have seen some wear but are
near transit and offer yards that millennials may want as they start families.