Financing TOD
FRS
@rizalsutikno
TOD
the benefits of public
transport can be enhanced
when station-area planning
makes it easier for people to
walk or bike as well as take
transit or drive, provides
affordable housing options,
and offers businesses
greater access to potential
employees and customers
from across the region.
Infrastructure Investments
sidewalks, crosswalks,
bicycle lanes, bicycle
capacity of utilities
storage, and streetscape
(sewer, water, storm
enhancements such as
drain) and roads
lighting, street trees, and
benches
Building structured
parks, plazas, and other
parking garages for park-
open space
and-drive transit riders
Transit
Local Regional
Agencies
• local roads, • building and • funding and
bicycle and maintaining financing
pedestrian transit infrastructure
facilities, stations, and setting
open space, parking, and the rules
utilities, and bicycle and
public pedestrian
parking facilities
directly by charging users
Funding Source
taxes, fees, and other
sources
a fee
transit systems, parking sidewalks, bike racks,
facilities, water and wastewater
systems, toll roads and bridges local roads, and parks
TOD Infrastructure Finance
Strategies
A clear vision and goals for a particular geographic area
An assessment of the local real estate market context
A list of key infrastructure needs and associated costs
A phasing plan that considers which infrastructure improvements are required and
in what order to support planned development
which public agencies and private entities will have a role in implementation and
which entity will take the lead on implementing each project
An assessment of potential funding and financing sources
Funding and Financing Tools
Credit
Direct fees Debt
assistance
Grants and
other
Equity Value capture
philanthropic
sources
Emerging Tools
Descriptions
• types of places where • Several of the tools
it could be most can be used only for
useful projects that meet
– some tools depend on minimum cost
a strong real estate thresholds
market and property
value appreciation to
generate revenue
– weaker-market areas
– available only where
the state legislature
has authorized them