Potential for Betterment District Financing and Joint Development Applications to Surface Transit
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1977-07-01
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Edition:July 1976 - June 1977
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Abstract:The report proposes a general methodology for evaluating land use and investment activity with respect to land in the vicinity of surface transit facilities. The three major objectives were: (1) to determine if there are incremental benefits accruing to land near bus, trolley, and by inference light rail facilities; (2) to examine equity issues in potential tax benefit districts serving such facilities; and (3) to examine the potential of joint development with respect to surface transit. An underlying objective was the presentation of an interactive spatial analysis system suited to the small-scale study of transit system impacts and relationship to their environment. Primary focus was directed to exploring locations in the vicinity of multiple routes where levels of commercial and multi-family new investment might be particularly high. The study concludes that the use of special benefit districts would be difficult to operationalize and that joint development opportunities are encouraging.
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Main Document Checksum:urn:sha-512:4c33259be8e17b141a1a4c62668f1d9b8cf5f21d3610d45b4875aafe6a224e84e4e9ea57c126a4215d0558d9542c4d8fff7d1070f83d14f99a72de6da416f04b
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