This document discusses building capacity for transit oriented development in New England's Sustainable Knowledge Corridor. It notes that the corridor includes over 1.6 million residents and $1.53 billion in new transportation investments. It received an HUD grant to support sustainable communities. The document discusses various capacity building efforts, including leadership, market analysis of transit corridors, and sustainable land use code development. It provides an agenda for a presentation on the market analysis, including an overview of economic and demographic findings, the real estate market assessment, examples of market analysis, and next steps.

1. Building Capacity for Transit Oriented
Development in New England’s
Sustainable Knowledge Corridor

2. Knowledge Corridor
• 3 planning regions: PVPC,
CRCOG, CCRPA
• 1.6 million residents
• $1.53 billion in new
transportation investments
over next 10 years
• Corridor of high value
added firms
• Major concentration of post-
secondary institutions
• Recipient of Sustainable
Communities Regional
Planning Grant

3. HUD Sustainable Communities
Grant Program
• Supports metropolitan and multi-jurisdictional
planning efforts
• Supports livability principles
• More transportation choices
• Equitable, affordable housing
• Enhance economic competitiveness
• Support existing communities
• Coordinate policies and leverage investment
• Value communities and neighborhoods

4. Capacity Building
• Leadership
Pioneer Valley
• Market Analysis of
BRT and Rail
Corridors for TOD
• Transit
Enhancement Bus
Study-Enfield,
Manchester,
Windsor

5. Capacity Building
• Sustainable Land Use
Code Development
• Affordable Housing
Code Development
• Affordable Housing
Training Module

6. MARKET
ANALYSIS of the
KNOWLEDGE
CORRIDOR
Southern New England APA
Conference Presentation
September
21, 2012

7. TODAY’S
1)Project Introduction
2)Overview of Economic
& Demographic Findings
AGENDA
3)Overview of Real Estate Market
Assessment
4)Examples of Market Analysis
5)Next Steps
September 21, 2012
HARTFORD, CT

8. Project Introduction
Knowledge Corridor Market
Analysis
1. New Britain – Hartford BRT
Fully-funded, scheduled to begin in 2014
2. Commuter Rail Expansion:
First two phases funded
(New Haven – Hartford);
First phase being constructed;
Service scheduled to begin in 2016.

9. Project Introduction
Knowledge Corridor Market
Analysis

10. Project Introduction
Knowledge Corridor Market
Analysis
PROJECT GOALS
To improve understanding of the
individual transit oriented development
(TOD) opportunities that exist and how
they may best fit into the regional
economic context.
- Understand existing market conditions
and how they may shape the forms of
potential transit oriented development
- Create a framework of typologies to
understand the different characteristics
of the station areas that will be
receiving service expansion and the type
of redevelopment that is possible.
- Identify opportunities for catalytic
sites that can change the dynamics of the
region

11. Project Introduction
Why TOD?
1970
POPULATION CHANGE
Today
• 81% of • 66% of
househol household
ds were s are
families families
• Average • Average
househol household
d size: 3.6 size:

12. Project Introduction
Why TOD?
BABY BOOMERS AND GENERATION Y ARE SHAPING THE FUTURE
HOUSING MARKET

13. Project Introduction
Why TOD?
CONNECTION TO JOB CENTERS

14. Project Introduction
What is TOD?

15. Economic Analysis
Regional Economic Analysis – Growth / Concentration Sectors
Growth industries in the region include eds/meds and professional/tech services. Finance and
precision manufacturing remain important to the region, although not growing in employment.
4.5
Insurance Carriers and Related
Activities
4.0
3.5
Concentration Relative to United States
3.0
Fabricated Metal Product Transportation Equipment
Manufacturing Manufacturing
2.5
Justice, Public Order, and
Safety Activities
Nursing and Residential Care
2.0 Facilities
Educational Services Social Assistance
Food and Beverage
1.5 Stores
Specialty Trade Administrative and
1.0 Contractors Support Services
Ambulatory Health
Care Services
0.5 Food Services and Drinking Places
Professional, Scientific,
and Technical Services Hospitals
0.0
-4.0% -3.0% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0%
Average Year-over-year Growth, 2001-2010

16. Economic Analysis
Regional Economic Analysis – Geographic Concentration
TOD-supportive employment (health, knowledge-based, and education sectors) are concentrated inMaps
Key Sector Employment
selected places that will be served by the rail and BRT.

17. Economic Analysis
Corridor / Station Area Economic Analysis
Transit corridors and Station Areas demonstrate patterns of industry sector concentration that could
form the foundation for future TOD.

18. Economic Analysis
Corridor Economic Analysis – Comparison to Other Regions
Nationally, key employment sectors that are more concentrated in transit areas than in their
Employment Mix by Sector:
corresponding regions: knowledge-based, education/health, and government. This concentration is
even more pronounced in the NHHS knowledge rail corridor.
Regions vs Transit Station Areas, 2009
Employment Mix by Sector: Regions vs. Transit Station Areas, 2009
40%
35%
30%
US Transit Station Areas
25% US Regions with Transit
NHHS Rail Station Areas (excl Mass)
20%
15%
10%
5%
0%
National data includes 37 new and established transit regions.
NHHS Rail Corridor data excludes Massachusetts station areas.
Source: CTOD National TOD Database, 2009 LED Work Area Characteristics.

19. Demographic Analysis
Regional Demographic Analysis – Cohort Analysis
Aging population is large and growing in the region, while the young adult demographic is under-
represented. In the next 10 years, housing demand drivers will be the retiring/aging baby boomers.
9.00%
8.00%
7.00%
6.00%
Share of Population
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
Under 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85+
5
Age Group
Region* United States
*Region is defined as the US Census Metropolitan Statistical Areas encompassing Hartford and Springfield.
Source: US Census, 2010.

20. Demographic Analysis
Corridor Demographic Analysis
Demographic characteristics of the corridors differ in important ways from the region..

21. Real Estate Market Analysis
Regional Real Estate Market Analysis
Overall expansion of real estate market in region is small and growth is not concentrated around
transit; rather, it is occurring at region's fringes.
Multifamily Permits Issued, 2000-2011 Single Family Permits
Issued, 2000-2011
Source: DECD

22. Real Estate Market Analysis
Corridor / Station Area Real Estate Development Feasibility
Analyzed sales prices / rents at each station area and compared against an average cost / unit to
construct new housing.

23. Strategy Alternatives
Station Area Typologies
Analyze Station Area redevelopment strategies by comparing Station Area characteristics along two
axes – market indicators and urban form conditions.
09/22/12 Eastside Westside Airport Interstate Green Milwaukie

24. Strategy Alternatives
Station Area Typologies
09/22/12 Eastside Westside Airport Interstate Green Milwaukie

25. Strategy Alternatives
Station Area Typologies

26. Strategy Alternatives
State Leased Land
The state of Connecticut currently leases 2.6 million square feet of office space. While much of this
exists in towns which will have NHHS and CT fastrak stops, few are within a walkable radius of the
stations.
Source: Bureau of Asset Management

27. Strategy Alternatives
Public Anchor Institutions
Public Colleges and Universities are not currently directly
linked with transit stops, but as they grow and expand, the
States can help to support these station areas with
increased educational uses.
CCSU, New Britain
Source: Dept. of Education – CT, MA

28. Strategy Alternatives
State Financial Assistance to Private Enterprises
Connecticut State Subsidies and Tax Incentives (MA forthcoming) are not currently going to
businesses that are located within station areas.
Source: Good Jobs First

29. Strategy Alternatives
Additional Strategies to Incentivize TOD
Residential Incentives
Zoning Regulations – Per the Sustainable Codes analysis, most station areas are not
currently zoned for high-density development. New development can be supported with predicable,
appropriately-scaled zoning.
TIF Districts – Can assist new development by generating capital to fund infrastructure
improvements by bonding against the future tax increment revenue.
Affordable Housing – Can “jump start” development of a district and establish a sense of
place that can attract future private development.
State Subsidies
• Brownfield Redevelopment – Funding to clean up polluted sites and prepare them for
redevelopment
• Downtown Redevelopment – Funding available to assist development directly, as in
downtown Hartford.
Employer Supported Housing

30. Sustainable
Land Use
Regulation
Project
Southern New England APA
Conference Presentation
September
21, 2012

33. High-Performance Buildings
Objective Guideline
• Create high-performance • Use Technical Resources:
residential projects to
reduce household energy Guidelines for ENERGY STAR
consumption, energy utility Qualified New Homes
costs, and greenhouse gas
emissions • Identify ENERGY STAR
partners to design and build
the homes
• Identify Home Energy Rater to
verify ENERGY STAR checklists

34. Sustainable Land Use Code
Development Project
Model Code
Language

35. Clarion Associates, Project Lead
• Ferrell Madden Lewis, form base code issues, TOD & compact
development
• Seth Harry & Associates, visualizations & graphics
• Shipman & Goodwin, local land use expertise, assist code
preparation, local liaison
SETH HARRY & ASSOCIATES, INC
Architects and Planners

36. Stakeholders Interviewed:
• Town Planners & Planning Professionals
• Economic Development Directors
• Planning & Zoning Commissioners
• Real Estate Developers
• CT Homebuilders’ Association
• Local Business Owners
• Metropolitan District Commission
• 1000 Friends of CT
• OPM, ConnDOT
• Connecticut Housing Finance Authority
• Partnership for Strong Communities
• Greater Hartford Transit District
• Communities with TOD Opportunities Statewide

37. Project will focus on creating codes for:
• Local food systems/food security
• Compact, mixed-use, and transit-oriented development patterns
• Energy efficiency and conservation
• Housing affordability and diversity

38. Work Plan & Project Schedule:
TASK 1.
CODES REVIEW AND ASSESSMENT (Months 1-6)
TASK 2.
REGIONAL CHARETTE(S) (Months 6-8)
TASK 3.
MODEL CODE/BEST PRACTICES MANUAL (Months 8-14)
TASK 4.
COORDINATE WITH TOD MARKET ANALYSIS (Ongoing Throughout Project)
TASK 5.
VISUALIZALLY UNIQUE PRESENTATION OF MODEL CODES MANUAL (Months 14-18)

39. TASK 1.
CODES REVIEW AND ASSESSMENT

40. TASK 1.
CODES REVIEW AND ASSESSMENT

41. TASK 3.
MODEL CODE/BEST PRACTICES MANUAL
EXAMPLE:

42. KEY QUESTIONS
What are the Barriers to Doing More
Sustainable Development in Connecticut?
What Best Practices Exist in Connecticut?
WWW.SUSTAINABLEKNOWLEDGECORRIDOR.ORG