New Jersey's Urban Transit Hub Tax Credit provided $1.5 billion in incentives for 13 projects, garnering mixed opinions over the past two years. Intended to build communities a half mile from transit, some question if it even works.
"The program has been amended twice. The major changes include reducing the capital investment needed to qualify to $50 million for a commercial property, making it easier for mixed-use developments to qualify, opening the program up to properties within a mile of freight rail lines, increasing the benefit for residential developments to 35 percent of the investment, and eliminating the automatic requirement that 20 percent of residential units be set aside as low- and moderate-income housing.
Two governors of different parties have had a hand in the program and both touted its benefits.
'The bill supports the revitalization of New Jersey's urban centers by leveraging valuable transit assets that provide a strong foundation for economic growth, while encouraging increased transit ridership,' said Gov. Jon Corzine in signing the law on Jan. 13, 2008. Gov. Chris Christie, in signing amendments to the UTHTC last July, said the changes would make an important program even better."
FULL STORY: Can Urban Transit Hubs Help Revitalize New Jersey's Cities?

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.

Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.

Ohio Forces Data Centers to Prepay for Power
Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.

MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.

Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
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