Transit Oriented Development in Portland
Focusing housing and employment around transportation centers is one of the most effective ways to reduce road congestion, decrease commuting time and increase ridership on the public transportation system. Transit oriented development also reduces unnecessary development of farmland and increases the likelihood of revitalization of existing neighborhoods.
This map shows proposed development along light rail stations by the year 2040. These areas will have financial incentives to lure in businesses and developers to create high density, mixed use areas around these stations.
The Oregon Metro was the first regional government in the nation to receive authorization from the national government to specifically use federal transportation funds to acquire land for redevelopment next to a light rail station.
This map shows proposed development along light rail stations by the year 2040. These areas will have financial incentives to lure in businesses and developers to create high density, mixed use areas around these stations.
The Oregon Metro was the first regional government in the nation to receive authorization from the national government to specifically use federal transportation funds to acquire land for redevelopment next to a light rail station.
Innovations by the Metro Include
1. The resale of land with federal interest at a reduced cost to acknowledge that building at densities ahead of the market negatively affect economic feasibility of development
2. Development of an induced transit ridership model to compare transit impacts of alternative development programs.
3. The reaction of the transit oriented development easement.
The Transit Oriented Development Program builds on the capacity of the private sector to develop projects that meet regional planning objects while demonstrating to the public that the future is happening
1. The resale of land with federal interest at a reduced cost to acknowledge that building at densities ahead of the market negatively affect economic feasibility of development
2. Development of an induced transit ridership model to compare transit impacts of alternative development programs.
3. The reaction of the transit oriented development easement.
The Transit Oriented Development Program builds on the capacity of the private sector to develop projects that meet regional planning objects while demonstrating to the public that the future is happening
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