Things you should know about TOD (Transit Oriented Development)
As Light Rail transit unfolds across the country, developers are eyeing opportunities to acquire, design and build profitable projects that business and the public find both desirable and practical. What are the best locations for development near transit? The answer is TOD, or Transit Oriented Development. There are 4,000 locations across the US that meet this definition. This scarce resource is similar to waterfront property, and can provide great benefit to the public.
9. Enhanced Transportation Choices. A major objective of TOD is to provide a concentration of living, shopping, entertainment, and employment opportunities within walking distance of transit stations so that people can easily use transit in place of cars. TODs include various pedestrian amenities and bicycle facilities to promote alternative travel options, and encourage shared parking opportunities.
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