Guide to Joint Development for Public Transportation Agencies (2021) / Chapter Skim
Currently Skimming:
Pages 1-24
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 1... ...
ES-1 About This Guide TCRP Research Report 224: Guide to Joint Development for Public Transportation Agencies (henceforth, referred to as the guide) was commissioned by TRB through TCRP.
|
From page 2... ...
ES-2 Guide to Joint Development for Public Transportation Agencies This broad, transaction-based approach recognizes that, while JD often occurs on transit agency property at or near stations, it is not definitionally limited to such properties. A variety of transaction models is emerging in real-world practice involving land owned by other public or private entities, transit agency properties not associated with stations, and transit improvements funded by off-site developers.
|
From page 3... ...
Executive Summary ES-3 capture, parking, and affordable housing. Useful literature on JD is found in academic, governmental, and popular forums.
|
From page 4... ...
ES-4 Guide to Joint Development for Public Transportation Agencies Figure ES-1. Summary of best practices: stages of the joint development process.
|
From page 5... ...
Executive Summary ES-5 Figure ES-2. Summary of best practices: strategic crosscutting issues.
|
From page 6... ...
ES-6 Guide to Joint Development for Public Transportation Agencies Figure ES-2. (Continued)
|
From page 7... ...
Executive Summary ES-7 hold easement rights that could aid development? Which properties are encumbered by an FTA interest, by easements held by others, by environmental restrictions, or by limits on disposition under state law?
|
From page 8... ...
ES-8 Guide to Joint Development for Public Transportation Agencies Chapter 3 -- Planning a Joint Development Project Chapter 3 addresses how a transit agency determines that a site under its control is ready for development and prepares to make it available through development requirements and guidelines (DRGs)
|
From page 9... ...
Executive Summary ES-9 Chapter 4 -- Choosing a Developer Once a JD project has been identified and planned, the pivotal step is to attract highly advantageous proposals from capable, trustworthy developers. In most cases, a transit agency is required (by law, by FTA regulations, or by its own governing board policies)
|
From page 10... ...
ES-10 Guide to Joint Development for Public Transportation Agencies costly and time-consuming; a one-step RFP; and a one-step RFQ. The pros and cons of each, and their impact on subsequent stages of the process, are illustrated in Figure ES-5.
|
From page 11... ...
Executive Summary ES-11 a multi-criterion best value basis. These criteria should reflect the agency's JD goals, as specifically applied to the project in question, and should be stated in a clear, user-friendly way.
|
From page 12... ...
ES-12 Guide to Joint Development for Public Transportation Agencies Note: The blue sequence applies to selections based on a Request for Proposals. The green sequence applies to those based on a one-step Request for Qualifications, with the details to be developed after preliminary selection.
|
From page 13... ...
Executive Summary ES-13 A pivotal component of the JDA is the closing conditions -- the steps to be achieved before the closing can occur by each party. (The guide provides a sample listing.)
|
From page 14... ...
ES-14 Guide to Joint Development for Public Transportation Agencies a sale or refinancing)
|
From page 15... ...
Executive Summary ES-15 transit agency. The federal interest is not extinguished, and the conveyance must provide the transit agency with satisfactory continuing control.
|
From page 16... ...
ES-16 Guide to Joint Development for Public Transportation Agencies Chapter 7 -- Economics of Joint Development This chapter seeks to enhance the reader's practical understanding of the economics of JD. When a transit agency initiates a JD solicitation or enters negotiation with a developer, how can it optimize the chances of concluding an agreement?
|
From page 17... ...
Executive Summary ES-17 Integral to the agency's financial expectations is its understanding of a property's fair market value (FMV)
|
From page 18... ...
ES-18 Guide to Joint Development for Public Transportation Agencies but if reasonably applied this practice will reflect market preferences. Reduced parking, and the associated cost reduction, can be particularly important in the economics of affordable housing.
|
From page 19... ...
Executive Summary ES-19 an intentional role in promoting affordability. At the same time, agencies recognize that the economics of affordable housing may impact their own land value.
|
From page 20... ...
ES-20 Guide to Joint Development for Public Transportation Agencies Adjacent Private Land Owners District Value Capture District value capture includes tax increment financing (TIF) and special assessment districts.
|
From page 21... ...
Executive Summary ES-21 New and Extended Corridors For agencies planning system expansion, a new or extended corridor is an opportunity to accommodate contemporaneous or future JD. This philosophy should be made clear to the project's planning, engineering, and right-of-way team from day one.
|
From page 22... ...
ES-22 Guide to Joint Development for Public Transportation Agencies A Near -Term (5 years) B Mid -Term (5 to 10 years)
|
From page 23... ...
Executive Summary ES-23 preceding chapters to outline a comprehensive risk management framework, based on five broad categories of risk applicable to JD: organizational, market, entitlement, stewardship, and transactional. A final word.
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.