Strategic plan for the Transit-oriented Development Program promotes on-the-ground investments
Metro's transit-oriented development program knows how to make the most of the resources it has.
Since its inception, the funding for Metro’s transit-oriented development program has remained constant despite the significant expansion of the regional transit system and the number of areas eligible for investment with TOD funds.
It comes down to leveraging what you have – and what you do best. The soon-to-be-released strategic plan for the TOD program charts a course for further leveraging available funds and targeting locations for developing compact, transit-oriented communities that encourage travel by transit, walking and bicycling.
In the course of its 10-year existence, the Metro TOD program has successfully leveraged $30 million in existing funds into over $300 million in private investment in transit-oriented development projects within the region.
Throughout the country, it's the only TOD program to invest directly in the bricks and mortar of a TOD project rather than the infrastructure, directing dollars into on-the-ground outcomes.
In terms of transportation efficiency, Metro's transit-oriented development projects have induced more than 500,000 annual transit trips in its decade-long existence, bringing thousands of new riders closer to the existing transit system and reducing greenhouse gas emissions by 100,000 tons.
By evaluating station areas and corridors for market readiness for TOD development by type, the strategic plan will help the TOD program prioritize its investments. The typologies include plan and partner – transit areas in need of local planning and infrastructure improvements; catalyze and connect – emerging transit areas for TOD program investment; and infill and enhance – transit areas ripe for near-term TOD program investment.
Learn about the strategic plan's unique approach to developing a regional station area and frequent bus corridor typology and its key recommendations for short and long-term policy and investment direction.
View the TOD strategic plan presentation