urban sprawl concentrates poverty and lumps the

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Unformatted text preview: n 6 and 10 million square feet of new development since the year before the new transit lines opened (see chart). Charlotte’s Blue Line had the most development, with approximately 9.8 million square feet of new space between 2005 and 2009. The majority of development in all three corridors was housing, a reflection of national market conditions in the earlymid 2000’s, which strongly favored residential development. However both the Denver and Charlotte regions experienced a significant amount of commercial development as well. The private sector sees value in locations near transit, and this is reflected in the design and marketing of projects. Developers have made major changes to the design of projects to take advantage of the new light rail connection, and in some cases the concept of TOD may also have helped to attract capital for projects. Projects near transit are viewed as having the potential to achieve faster absorption rates, higher occupancy rates, and in some cases higher sales prices or rents. Many projects have been directly marketed as being near the light rail.} HSR is profitable Longshore, studied at Wisconsin-Stevens Point, 2010 (Samantha, Putting the Brakes on High Speed Rail, 2010, June 26, 2012) F...
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This note was uploaded on 11/30/2013 for the course PHILOSOPHY 303m taught by Professor Tye during the Fall '12 term at University of Texas.

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