Investment practices of transit service providers in land development

Frances Green, Yingyan Lou, Steven Jones

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

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.

Original languageEnglish (US)
Title of host publicationUrban Public Transportation Systems 2013 - Proceedings of the 3rd International Conference on Urban Public Transportation Systems
Pages53-62
Number of pages10
StatePublished - Dec 1 2013
Externally publishedYes
Event3rd International Conference on Urban Public Transportation Systems 2013 - Paris, France
Duration: Nov 17 2013Nov 20 2013

Publication series

NameUrban Public Transportation Systems 2013 - Proceedings of the 3rd International Conference on Urban Public Transportation Systems

Other

Other3rd International Conference on Urban Public Transportation Systems 2013
CountryFrance
CityParis
Period11/17/1311/20/13

ASJC Scopus subject areas

  • Transportation

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