While transit-oriented development has been embraced as a strategy to address a wide range of planning objectives, from minimizing automobile dependence to improving quality of life, there has been almost no examination into the practices that have resulted in the actual development of one. This study examines Atlanta’s Lindbergh Station TOD to understand how a real-world development was able to overcome the substantial development barriers that face these developments. It finds that transit agencies have a largely underappreciated ability to overcome the land assembly and project financing barriers that have heretofore prevented the development of these projects. Further, because they provide a means from converting capital investment into positive operating returns, this study finds that development projects provide transit agencies with a unique means of overcoming the capital bias in funding apportionment mechanisms. This latter factor will undoubtedly play a key role in increasing the popularity of transit-agency sponsored TOD projects in the future.
Overcoming Financial and Institutional Barriers to TOD: Lindbergh Station Case Study.
Journal of Public Transportation, 7 (3): 43-69.
Available at: http://scholarcommons.usf.edu/jpt/vol7/iss3/3