Guide to Joint Development for Public Transportation Agencies

The objective of this study is to produce a guide that facilitates and enhances the successful delivery of joint development projects. This guide may take a variety of formats but should include requirements, procedures, and tools and techniques for transit agencies that want to pursue or improve their joint development programs. The guide should serve agencies with a range of experience related to land use planning issues and/or in executing complex real estate transactions. At a minimum, the guide should include the following: (1) A primer on joint development and its overall compatibility with and relationship to TOD as well as broader aspects of community planning; (2) An overview of the joint development process, including but not limited to the following components: establishing program goals and objectives, evaluating asset portfolios, site selection and readiness (including market conditions), site and feasibility analysis in relation to transit facilities, working with developers, conducting developer and public outreach (including defining responsibility), design and construction reviews, and negotiating and managing direct and associated agreements; (3) Tools and techniques that facilitate decision-making by a range of project participants, such as checklists, site-analysis matrices, cost/benefit analyses, financial models, and/or other applicable procedural models; (4) An understanding of the requirements and expectations of the potential development team necessary to execute a joint development project with a public sector partner successfully; (5) A targeted review of joint development project experience, including a description of lessons observed and effective practices, gleaned from a broad range of agencies with program experience (both successes and failures) and from the private development community; and (6) Strategies for successful implementation, including local and regional approvals; navigating the federal approval process where appropriate; seeking FTA funding as part of a capital grants program; developing cost-sharing, funding and financing plans; and consideration of opportunities for working with other government agencies with similar joint development potential.

Language

  • English

Project

  • Status: Completed
  • Funding: $400000
  • Contract Numbers:

    Project H-57

  • Sponsor Organizations:

    Transit Cooperative Research Program

    Transportation Research Board
    500 Fifth Street, NW
    Washington, DC    20001

    Federal Transit Administration

    1200 New Jersey Avenue, SE
    Washington, DC  United States  20590
  • Project Managers:

    Goldstein, Lawrence

  • Performing Organizations:

    AECOM

    McLean, VA  United States  22102-
  • Principal Investigators:

    Raine, Alden

  • Start Date: 20181203
  • Expected Completion Date: 20200602
  • Actual Completion Date: 0

Subject/Index Terms

Filing Info

  • Accession Number: 01667918
  • Record Type: Research project
  • Source Agency: Transportation Research Board
  • Contract Numbers: Project H-57
  • Files: TRB, RiP
  • Created Date: Apr 30 2018 3:14PM