The agency is seeking to execute joint development agreements to support more density near transit stations and boost affordable housing production.
The Washington Metropolitan Area Transit Authority (Metro) wants to encourage transit-oriented development near its stations, reports John Aaron. "The agency hopes to execute new joint development agreements at 20 more stations in the next 10 years."
According to Liz Price, Metro’s vice president of real estate and parking, "Joint development agreements are not new to Metro, which has seen 55 buildings built at 30 stations since Metro opened in the 1970s."
Overall, the report says there are development opportunities at 40 stations — there are 91 in the system currently — totaling more than 500 acres, which could translate to 31 million square feet of new development and 26,000 new housing units.
Per Metro's strategic plan, the agency aims to "support higher density, mixed-use development," "secure infrastructure investments," "maximize economic development," and "support transit operations" with increased ridership and revenue. As Aaron notes, "Price also said that while the strategic planning process predates the pandemic, income from the developments would help Metro address potential financial shortfalls in the future."
FULL STORY: Metro looks to accelerate development near stations
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
Coming Soon to Ohio: The Largest Agrivoltaic Farm in the US
The ambitious 6,000-acre project will combine an 800-watt solar farm with crop and livestock production.
World's Largest Wildlife Overpass In the Works in Los Angeles County
Caltrans will soon close half of the 101 Freeway in order to continue construction of the Wallis Annenberg Wildlife Crossing near Agoura Hills in Los Angeles County.
California Grid Runs on 100% Renewable Energy for Over 9 Hours
The state’s energy grid was entirely powered by clean energy for some portion of the day on 37 out of the last 45 days.
New Forecasting Tool Aims to Reduce Heat-Related Deaths
Two federal agencies launched a new, easy-to-use, color-coded heat warning system that combines meteorological and medical risk factors.
AI Traffic Management Comes to Dallas-Fort Worth
Several Texas cities are using an AI-powered platform called NoTraffic to help manage traffic signals to increase safety and improve traffic flow.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
City of Universal City TX
ULI Northwest Arkansas
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.