It was a few years ago that UTA got the authority to conduct several pilots where the transit agency co-invested with developers on projects occurring on agency-owned land. In my interviews with the staff there, they informed me that it took a whole new skill set at the transit agency to assess the risks and form the partnerships. At the time, they were still waiting to assess the results. Perhaps the results are in. UTA is seeking the authority to invest in five more projects along their rail lines.
Ian Carlton is a transportation and land use expert specializing in transit-oriented development (TOD). He helps clients - including transit agencies, planning departments, and landowners - optimize real estate development around transit.
Special thanks to Burt Gregory at Mithun for permission to use the Portland Streetcar image above.