Sharing Transit Costs Produces Shared Benefits in D.C.'s NoMa Neighborhood

Jay Corbalis profiles NoMa (short for “North of Massachusetts Avenue”), Washington D.C.'s fastest growing neighborhood, where a building boom has been propelled by an innovative transit funding partnership between the public and private sectors.

"Fifteen years ago, the NoMa of today would have been difficult to imagine," says Corbalis. "Despite its proximity to Union Station and the U.S. Capitol, the area (roughly bounded by Massachusetts Avenue, North Capitol Street, Florida Avenue and 3rd street NE) was home to an uninspired collection of vacant lots, surface parking and low-slung warehouses."

"It wasn’t until the City teamed with local property owners and the federal government to construct a new Metro station that the area began its rapid transformation into one of the city’s most dynamic neighborhoods. Since then, the neighborhood has become a poster child for successful transit-oriented development, while providing a model for communities across the country looking to take advantage of a changing real estate market in a time of constrained public budgets."

Full Story: Development-oriented transit: How value-capture launched DC’s newest neighborhood

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