Chapter
Nov 27, 2013
Investment Practices of Transit Service Providers in Land Development
Authors: Frances Green, Yingyan Lou, Ph.D. [email protected], and Steven Jones, Ph.D.Author Affiliations
Publication: Urban Public Transportation Systems 2013
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.
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© 2013 American Society of Civil Engineers.
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Published online: Nov 27, 2013
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Frances Green
Department of Civil, Construction, and Environmental Engineering, University of Alabama, P.O. Box 870205, Tuscaloosa, AL 35487-0205
Department of Civil, Construction, and Environmental Engineering, University of Alabama, P.O. Box 870205, Tuscaloosa, AL 35487-0205. E-mail: [email protected]
Steven Jones, Ph.D.
Department of Civil, Construction, and Environmental Engineering, University of Alabama, P.O. Box 870205, Tuscaloosa, AL 35487-0205
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Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.