TOD Boom Goes Bust in Seattle

A transit-oriented development boom in Southeast Seattle is coming to a halt, as the economic recession sets in.

"Planners, politicians and developers anticipated the coming rail line would spark a redevelopment boom that would transform the long-neglected corridor along Martin Luther King Jr. Way South. For-profit developers proposed more than 1,500 condos and apartments within a 10-minute walk of a station.

Now, with the trains to carry their first paying passengers in three months, most of those deals are on hold.

Project after project has been delayed or derailed, victimized by tight credit and related economic woes."

Thanks to Sightline Institute

Full Story: Recession stalls building boom along South Seattle light-rail tracks

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $16.95 a month

Wear your city with style!

100% silk scarves feature detailed city maps. Choose from six cities with red or blue trim.
$55.00
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!
$28.00