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transit-oriented development

   Also found in: Wikipedia 0.01 sec.
transit-oriented development

Development around destinations near public transportation centers, with mixtures of housing, employment, shopping, dining, and entertainment all within walking distance of transit nodes.



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GAO was asked to review (1) what is known about how transit-oriented developments affect the availability of affordable housing; (2) how local, state, and federal agencies have worked to ensure that affordable housing is available in transit-oriented developments; and (3) the extent to which HUD and FTA have worked together to ensure that transportation and affordable housing objectives are integrated in transit-oriented developments.
Ryan McFarland, the director of transit-oriented development for the Utah Transit Authority, sees long-range benefit from capitalizing on the value that local transit brings to population centers along the Wasatch Front.
Underwriting a speculative office building would subject the authority's balance sheet to too much risk and impede its wherewithal to undertake transit-oriented development and maintenance projects central to its public mission, the authority's proponents say.
 
 
 
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