Threats to Infrastructure Funding Could Undermine Successful Local Development Efforts

Well-designed, transit-rich neighborhoods provide many benefits to residents of all ages, as I document in, “Independence Found in Downsizing to a Transit Rich Neighborhood.” These neighborhoods also provide dividends to the larger community, generating higher property values, rents, and revenue than real estate located further away from high quality public transportation services. Cities as diverse as Seattle, Atlanta, Minneapolis, Denver, Detroit, and Washington, DC have all strengthened their regional economies through investment in transit-oriented development (TOD).  And because their residents …