Denver 9/27 Nadine Fogarty

Development Patterns along New Transit Lines
Nadine Fogarty
Partners in Innovation National Symposium
September 27, 2010

Forthcoming Research
Rails to Real Estate: Development Patterns along Three New Transit Lines
Hiawatha Line, Minneapolis-St. Paul Region (2004)
Southeast Corridor, Denver Region (2006)
Blue Line, Charlotte Region (2007)
Next report (Title TBD): a closer look at development context along new transit lines

Implications for Opportunity Sites for Affordable and Workforce Housing
Competition for opportunity sites
Implications for land costs
Potential for displacement of existing residents

Considerable Amount of New Development along all Three Lines

Development Patterns are Uneven HIAWATHA LINE, MINNEAPOLIS-ST. PAUL REGION

Most Development is In or Near Downtowns and Employment Centers Hiawatha Line Minneapolis SE Corridor Denver Blue Line Charlotte Development Employment

No Clear Relationship between Location of New Development and Household Incomes Hiawatha Line Minneapolis SE Corridor Denver Blue Line Charlotte Development Median HH Income

Significant Opportunity Sites Remain BLUE LINE, CHARLOTTE REGION SE CORRIDOR, DENVER REGION

Context Matters

Implications for Affordable & Workforce Housing Opportunity Sites
Important to get ahead of the market in the strongest market locations
Many locations will require supportive investments in infrastructure, “placemaking”, amenities, neighborhood services to foster TOD
Local developers/CDCs may be uniquely positioned to take advantage of opportunities in urban neighborhoods

Development Patterns along New Transit Lines
Nadine Fogarty
Partners in Innovation National Symposium
September 27, 2010
[email_address]

Denver 9/27 Nadine Fogarty

by National Housing Conference & the Center for Housing Policy

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