TY - GEN
T1 - Investment practices of transit service providers in land development
AU - Green, Frances
AU - Lou, Yingyan
AU - Jones, Steven
PY - 2013/12/1
Y1 - 2013/12/1
N2 - In the United States, many transit companies depend on government subsidies to cover their operating costs. Subsidies that are currently given are not a sustainable solution, as transit agency deficits are likely to grow in the future due to increasing operating costs. One practice that has been successful in a few U.S. and international cases is encouraging transit agencies to invest in land development. The investments transit companies make can benefit them not only by increasing ridership when the development is designed to be transit-supportive but also provide extra revenue from the lease or sale of the developed land. This study, by means of a survey, identifies barriers to transit agency investment in land development and trends and opinions among different stakeholders that might affect a transit agency's decision to invest in land development.
AB - In the United States, many transit companies depend on government subsidies to cover their operating costs. Subsidies that are currently given are not a sustainable solution, as transit agency deficits are likely to grow in the future due to increasing operating costs. One practice that has been successful in a few U.S. and international cases is encouraging transit agencies to invest in land development. The investments transit companies make can benefit them not only by increasing ridership when the development is designed to be transit-supportive but also provide extra revenue from the lease or sale of the developed land. This study, by means of a survey, identifies barriers to transit agency investment in land development and trends and opinions among different stakeholders that might affect a transit agency's decision to invest in land development.
UR - http://www.scopus.com/inward/record.url?scp=84892778507&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84892778507&partnerID=8YFLogxK
M3 - Conference contribution
AN - SCOPUS:84892778507
SN - 9780784413210
T3 - Urban Public Transportation Systems 2013 - Proceedings of the 3rd International Conference on Urban Public Transportation Systems
SP - 53
EP - 62
BT - Urban Public Transportation Systems 2013 - Proceedings of the 3rd International Conference on Urban Public Transportation Systems
T2 - 3rd International Conference on Urban Public Transportation Systems 2013
Y2 - 17 November 2013 through 20 November 2013
ER -