What is TOD?___________________________________________
Transit-oriented development (TOD) is compact, higher density, mixed-use, walkable development that is centered within a half mile of a transit station. TOD generally includes residential, commercial, retail and recreational space, and is designed to create connections between transit, bicycles and pedestrians.
What Are Benefits of TOD to the Developer?
Density at the transit node
Connectivity to the transit node will bring higher pedestrian traffic to retail
tenants and be attractive to apartment dwellers
Reduction in parking requirements
Sustainable building construction will save in operating costs
Mixed uses can leverage rents by creating a sense of place for people to live and gather
What Are Benefits of TOD to the Community?
Potential for added value created through increased and/or sustained property values where transit
investments have occurred
Reduced household driving and thus lowered regional congestion, air pollution and greenhouse gas
Walkable communities that accommodate more healthy and active lifestyles Check Increased transit
ridership and fare revenue
Improved access to jobs and economic opportunity for workers
Reduced dependence on the automobile, reduced transportation costs and frees up household income for
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