A transit funding formula, courtesy of Vancouver, British Columbia: Sell 13.8-acre property for $440 million; use cash to finance transit improvements.
Glen Kortstrom reports: "TransLink has sold its 13.8-acre transit centre on West 41st Avenue…for $440 million."
The "sale ranks as one of the largest real estate transactions in B.C.’s history," according to Korstrom, but it's especially noteworthy for the cash infusion it gives to the region's transit operator.
Don Rose, chair of TransLink’s board of directors, is quoted in the article: "This transaction is a tremendous benefit to taxpayers, and is an example of how TransLink is using its resources to better serve customers across the region."
According to Korstrom, TransLink anticipates using $150 million from the proceeds of the transit center sale to the agency's $2 billion, ten-year transit improvement plan, including the Broadway and Surrey rapid transit projects.
FULL STORY: TransLink confirms $440 million sale of Oakridge bus barn
Braille Signage Now at All Vancouver Bus Stops
The city completed installation of signage for people with visual impairments at over 8,000 bus stops.
New Long-Term Plan for Vancouver Regional Transit Approved
A new 30-year transportation plan, focusing heavily on transit projects and active transportation linkages, was approved recently for the Vancouver, British Columbia region.
Vancouver Planners Hope to Leverage New Subway for Public Benefit
Vancouver is scheduled to begin construction on a new subway in 2020, and planners are laying out a vision for the neighborhoods surrounding the new line, including turning Broadway into a "Great Street."
Florida Considers Legalizing ADUs
Current state law allows — but doesn’t require — cities to permit accessory dwelling units in single-family residential neighborhoods.
Manufactured Crisis: Losing the Nation’s Largest Source of Unsubsidized Affordable Housing
Manufactured housing communities have long been an affordable housing option for millions of people living in the U.S., but that affordability is disappearing rapidly. How did we get here?
HUD Announces Plan to Build Housing on Public Lands
The agency will identify federally owned parcels appropriate for housing development and streamline the regulatory process to lease or transfer land to housing authorities and nonprofit developers.
EPA Terminates $116 Million in Grants for Reducing Emissions from Construction Materials
C-MORE grants were earmarked for industry trade groups and universities.
BART Closes $35 Million Deficit
Cost control and revenue generation measures prevented service cuts.
The New Parisian Hearse is a Bicycle
Sleek, silent, and sustainable, a green trip to the graveyard has hit the streets of the French capital.
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.
City of Moreno Valley
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
City of Piedmont, CA
NYU Wagner Graduate School of Public Service
City of Cambridge, Maryland