Walkable urban-tod

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Walkable urban-tod

  1. 1. Walkable  Urban,  Transit-­‐oriented   Development:  Key  to  21st  C  Economy  h@p://business.gwu.edu/walkup/  
  2. 2. `  
  3. 3. Arlington  Starts  Transforms  in  1980s:  Rail  Transit,  Overlay  Zoning  &  Mgmt  1980s:  Ex-­‐Sears  Stores   Same  Place  Today       Two  blocks  north  and  south,  single  family  housing  that  is  highest  priced  in   Arlington  on  $/foot  basis:  Best  of  Two  Worlds   10%  of  the  land=50%+  of  government  revenues   Among  best  schools  in  Country…new  housing  has  0.4  per  unit    
  4. 4. Metropolitan  Land  Use  Op]ons   Economic   Regionally     Local-­‐   Role   Significant   Serving   Form     Place—e.g.  TOD   Neighborhood     1-­‐2%  of  Metro  Area   3-­‐7%  of  Metro  Area   Walkable  Urban       Edge  City   Bedroom  Drivable    Sub-­‐Urban   5-­‐7%  of  Metro  Area   Community     80-­‐85%  of  Metro  Area    
  5. 5. Rail  Transit,  especially  streetcars   Rock  Creek  Railway,  DC,  1903   Salt  Lake  City-­‐1920s  West  End  &  Atlanta  Street  Car-­‐1920s   Pacific  Electric,  Los  Angeles-­‐1918  
  6. 6. How  to  Pay  for  Transit?  Local  Taxes       But  Also…Value  Capture  &  TIFIA   ProgressiveAPTURE—PUBLIC  (TIF)  &  PRIVATE  Latching VALUE  C Real Estate Cash Flows with Value GentrificaNon  Pays  Transit   + 250% Value Latching 200%Value Creation / Cash Flow ($) 150% 100% 50% 0% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Short Term Mid Term Long Term Time (years)
  7. 7. Christopher  B.  Leinberger   Land  use  strategist,  developer,  author,  researcher,  professor   (www.cleinberger.com)  •  The  Opon  of  Urbanism;   Invesng  in  a  New  American   Dream,  Island  Press,  2008  •  The  Next  Slum?,  The  Atlan]c   Monthly,  March,  2008    •  Here  Comes  the   Neighborhood,  The  Atlan]c  •  “The  Death  of  the  Fringe   Suburbs”,  New  York  Times,   November  26,  2011  •  “Now  Coveted,  A  Walkable   Convenient  Place”,  New   York  Times,  May  25,  2012  

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