TransLink intends to appoint a committee of local real estate experts to advise it on how best to make money developing land along future rapid transit corridors.
It's the latest wrinkle in TransLink's strategy to amass a major real estate portfolio in partnership with local developers that officials hope would generate at least $30 million a year and possibly much more.
Tuesday, January 13, 2009
No Chump Change
If only we could link land use and transit better here in the United States. In Hong Kong and other places, development is part of the transit plan. Vancouver is about to hire some real estate folks to take care of its property development strategy.