Guide to Joint Development for Public Transportation Agencies (2021) / Chapter Skim
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Pages 159-165
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135 Conclusion 9.1 Goals and Outcomes In the opening pages of this guide, the question was asked, "Why undertake JD? " Based on our survey of 32 transit agencies, the literature, and the practical experience of the research team and project panel, there are three overarching, commonly understood goals from the transit agency perspective: to grow ridership; to generate a financial return; and to advance a nexus of placemaking, equity, and sustainability goals broadly associated with transit-oriented development.
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136 Guide to Joint Development for Public Transportation Agencies B The catalytic effects of JD on the broader development of station areas and corridors constitute a mid- to long-term set of outcomes.
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Conclusion 137 A Near -Term (5 years) B Mid -Term (5 to 10 years)
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138 Guide to Joint Development for Public Transportation Agencies Financial outcomes. Most of the North American transit agencies engaged in JD state that financial return is one of their motivations; some agencies consider it their primary motivation.
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San Francisco Bay Area Rapid Transit District © Figure 49. BART's transit-oriented development performance standards.
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140 Guide to Joint Development for Public Transportation Agencies A thoughtful and inclusive risk management strategy is integral to successful JD. In reading this guide, one encounters in virtually every chapter issues that create risk and practices to avoid or mitigate it.
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Conclusion 141 The intent is not to conclude this guide with a traditional risk register (which should in any case be project-specific) , but rather to highlight two complementary principles.
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