Transit-oriented development projects are launching nationwide
By Mary Scott Nabers Cities and counties throughout the U.S. are benefitting from funding that is readily available for transit-oriented development (TOD). Economic development teams have seen the boost of economic vitality that this type of initiative brings to local communities, and the result is that private sector developers and public officials nationwide will be delivering housing, retail and new communities located near public transit stations for the next several years. TOD projects, supported by federal funding, focus on building housing and mixed-use communities near public transit stations to encourage public transportation. This type of new commercial development with housing, retail, parkland and community gathering spaces is often linked to parks, trails and bicycle infrastructure. Some of the newly created communities have libraries, community centers and schools. Federal funding support is available because TOD projects result in reduced greenhouse gas emissions, the...