Monday, June 22, 2009

Possible TOD Opportunity

Ah the fun begins. As we dig deeper into the bill, I'm sure we'll find tons of goodies like this:
‘‘(2) the development of corridors to support
25 new fixed guideway capital projects under sub-
1 sections (d) and (e), including protecting rights-of
2way through acquisition, construction of dedicated
3 bus and high occupancy vehicle lanes and park and
4 ride lots, and other nonvehicular capital improve
5 ments that the Secretary may determine would re
6 sult in increased public transportation usage in the
7 corridor.
Transit agencies have never really been able to buy up property for land banks other than parking spaces before. Perhaps this leaves an opening for TOD help from transit agencies? I'm also glad that it seems as if there is no language allowing new starts funding to pay for HOT lanes. That seemed to be a fetish of the last administration.

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