Many residents and businesses choose to locate near transit because of its convenience and value. The quality and availability of the transit system may also matter to business leaders who are looking to expand or relocate in the region. It can also attract future workers to the region. Transit use by a broad segment of people in the region will benefit the region’s economic competitiveness, reduce the environmental impacts of transportation, and increase the efficiency of land use.
Equity and Implementation
Transit is a significant public investment and it should benefit those who rely on it most. Those who depend on transit include low- and moderate-income households, people with limited mobility, elderly people, and young people. Cities should consider how transit can provide access to living wage jobs, education, services, and daily needs like buying food. Cities should also consider how development near transit can provide
new opportunities for housing at a variety of income levels.
Markets and Implementation
Responding to needs and market preferences for TOD requires private investment backed by public support. Opportunities and challenges will vary. Communities, however, can positively influence real estate markets. They can make TOD more feasible and likely by committing to supportive policy, regulations, and public investments.