Simplifying Transit-Adjacent Real Estate Development

Experience suggests that rail and other forms of public transit have a significant, positive impact on adjacent property values, yet great premiums may take years to develop. Allan Kotin of Allan D. Kotin and Associates has nearly fifty years of experience in real estate economics, a specialization in Public/Private Joint Ventures, and has taught courses in the planning departments of UCLA, Harvard, and USC. The Planning Report has published the transcript of a talk Kotin delivered at last December’s US High Speed Rail Conference in Downtown Los Angeles in which he outlines the short-term decisions that can lead to substantial long-term returns on transit-oriented development.