Role of Transit Service Providers in Land Development

Lou, Yingyan; Green, Frances; Lindly, Jay; Jones, Steven; University of Alabama. Dept. of Civil, Construction and Environmental Engineering

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Role of Transit Service Providers in Land Development

2013-06-06
By Lou, Yingyan ; Green, Frances ; Lindly, Jay ; ...

[PDF-778.08 KB]

English

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Creators:

Lou, Yingyan ; Green, Frances ; Lindly, Jay ; Jones, Steven

Lou, Yingyan ; Green, Frances ; Lindly, Jay ; Jones, Steven Less -
Corporate Creators:

University of Alabama. Dept. of Civil, Construction and Environmental Engineering
Subject/TRT Terms:

[+]

Benefit Cost Analysis Case Studies Investments Public Transit Real Estate Development Research Hub Transit Operating Agencies
Publication/ Report Number:

11103
Resource Type:

Tech Report
Geographical Coverage:

United States
Corporate Publisher:

University Transportation Center for Alabama
Abstract:

While various transit development initiatives, such as integrated transit and land development and transit-oriented development, have been proposed in the past, many transit agencies in the United States are experiencing declining ridership and increasing dependence on government subsidies for operating costs. Compared to US, several foreign counties have been very successful in transit development. One particular strategy is to encourage (and subsidize) transit service providers to compete and invest in land development. This study is helpful in identifying barriers that need to be overcome in order for transit agencies to reap the benefits from investing and participating in land development. This study also conducted a cost-benefit analysis on data from the financial reports of two agencies praised in the literature for their involvement and investment in land development. These agencies are the Washington Metropolitan Transit Authority and the Mass Transit Rail Corporation. The analysis showed that participation yields significant profits, but participation coupled with investment is extremely profitable, with a calculated internal rate of return for the MTRC‘s property development activities being 571%.
Format:

PDF
Collection(s):

University Transportation Centers US Transportation Collection
Main Document Checksum:

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urn:sha256:d80dd9185acee9ba8fb983922e2769140f8d04201c259e6f74dbfd730b54bcce
Download URL:

https://rosap.ntl.bts.gov/view/dot/26159/dot_26159_DS1.pdf
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Role of Transit Service Providers in Land Development

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