IISTPS Report 97-1
Public Land with
Private Partnerships for
Transit Based Development
(reprinted 2001)
a publication
of the
Norman Y. Mineta
International Institute for
Surface Transportation Policy Studies
Created
by Congress in 1991
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1.
Report No FHWA/CA/OR-96/26 . |
2. Government Accession No. |
3. Recipients Catalog No. |
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4.
Title and Subtitle: Public Land with Private Partnerships for Transit Based Development |
5. Report Date May
1997 |
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6. Performing Organization
Code |
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7.
Author: Dr. Scott Lefaver, AICP |
8. Performing Organization
Report No.
A94RM63 |
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9.
Performing Organization Name and Address: California
Department of Transportation New
Technology and Research, MS-83 P.O.
Box 942873 Sacramento, Ca. 94273-0001 |
10. Work Unit No. |
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11.
Contract or Grant No. 65VRM63 |
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12. Sponsoring
Agency Name and Address: California
Department of Transportation Office of Research- MS4 400 7thStreet, SW Sacramento, CA
94273-0001 |
13.
Type of Report and Period Covered: Final Report |
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14.
Sponsoring Agency Code |
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15. Supplementary Notes: This project was conducted
in cooperation with the U.S. Department of Transportation, Research and
Special Programs Administration.The project was conducted under the original
title of “Zoning and Financing of Transportation Interchange Point
Densification (Analysis of Opportunities and Barriers in Project
Development).”
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16. Abstract: The Norman Y. Mineta International Institute for Surface
Transportation Policy Studies (IISTPS) at San José State University (SJSU) conducted this project to examine
opportunities for transit based developments based on public land and private
partnerships. The ten case studies include a variety of financing and
ownership arrangements, with the buildings constructed for residential,
commercial and office uses. The report examines the differences in expectations and objectives between public and private entities and suggests strategies for more realistic relationships. It includes detailed “Decision Check Lists” for both private developers and public agencies to consider before embarking upon a transit based development project. The report
reviews different purposes and intended uses for transit oriented
development, as well as the importance of appropriate location, design and
market timing. It included a discussion of financing mechanisms, including
traditionally private-based, as well as various methods of public funding and
subsidies. Relevant federal and California legislation is summarized. The
document includes a Glossary and an extensive bibliography. |
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17. Key
Words: Transit
based development; Public/Private partnerships; Financing; Redevelopment;
Zoning; Transit Oriented Development, Density; Market Analysis, Real Property |
18. Distribution Statement: No
restrictions. This document is available to the public through The National Technical Information Service,
Springfield, VA 22161 |
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19.
Security Classification (of this report) Unclassified |
Security
Classification. (of this page) Unclassified |
21.
No. of Pages 339 |
22.
Price $15.00 |
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All rights reserved
Library of Congress No. 97-67199
To order, please contact us via the following:
MTI
San José State University
College of Business
San Jose CA 95192-0219
Tel (408) 924-7560
Fax (408) 924-7565
E-mail: mti@mti.sjsu.edu
http//:transweb.sjsu.edu
The contents of this report reflect
the views of the authors who are responsible for the facts and accuracy of the
data presented herein. The contents do not necessarily reflect the official
views or policies of the U.S. Department of Transportation, the State of
California or IISTPS. This report does not constitute a standard,
specification, or regulation.
This
document is disseminated under the sponsorship of the Department of
Transportation, University Research Institutes Program, in the interest of
information exchange. The U.S. Government,
State of California and IISTPS assume no liability for the contents or use
hereof.
EXECUTIVE SUMMARY.................................................................................
PLAZA
DEL SOL..............................................................................................
DEL
NORTE PLACE.......................................................................................
ATHERTON PLACE.......................................................................................
SEQUOIA
STATION......................................................................................
LA
MESA VILLAGE PLAZA........................................................................
MERCADO APARTMENTS.........................................................................
BALLSTON
METRO CENTER....................................................................
GRESHAM
CENTRAL..................................................................................
RESURGENS
PLAZA...................................................................................
ATLANTA
FINANCIAL CENTER...............................................................
SUCCESSFUL
PARTNERSHIPS.................................................................
METHODS
OF FINANCING.......................................................................
LESSONS
LEARNED...................................................................................
DEFINITIONS...............................................................................................
GLOSSARY
OF ACRONYMS.....................................................................
BIBLIOGRAPHY...........................................................................................
List of
Tables
Table 1-1 Plaza Del Sol Number and Type
of Units...........................................
Table
2-1 Del Norte Current Rental Rates.........................................................
Table
3-1 Atherton Place Demographics............................................................
Table
3-2 Atherton Place Apartment Details......................................................
Table
5-1 La Mesa Demographics...................................................................
Table
5-2 La Mesa Building Use......................................................................
Table
5-3 La Mesa Building Space Allotment...................................................
Table
5-4 La Mesa Funding.............................................................................
Table
6-1 Mercado Apartments Building Use...................................................
Table
6-2 Mercado Apartments Demographics................................................
Table
6-3 Mercado Apartments Project Use....................................................
Table
7-1 Ballston Planning Application...........................................................
Table
10-1 Buckhead MARTA Station Ridership............................................
Table
10-2 1991 Atlanta Financial Demographics............................................
Table
10-3 Existing and Projected Development..............................................