M II A II R II K
Senior Member
Transit and Transit-Oriented Development: The Sweet Spot for Jobs
09/05/2012
By Greg LeRoy
Read More: http://www.huffingtonpost.com/greg-leroy/transit-and-transitorient_b_1858703.html
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There is now a raft of evidence that transit, transit-oriented development (TOD), and smart growth policies that give people more choice about how to get around are also proven winners for creating the most new jobs.
- Until the Recovery Act and its best-ever system for reporting job creation at recovery.gov, we couldn't compare construction jobs, highways versus transit. But two analyses of the Act's apples-to-apples jobs data found that building transit systems created 31 to 84 percent more jobs per $1 billion than did building highways. Similarly, federal highway data reveals that spending road money to "fix it first" -- or maintaining and improving existing roads, including "complete streets" for pedestrians and cyclists -- produces more work-hours than do sprawling new roads. That's because money is not used to buy land or engineer new rights of way.
- Transportation spending stimulates private investment upon land made more valuable. Transit-oriented development in half-mile radii around stations creates thousands of construction jobs as higher land values drive greater density, labor-intensive rehabilitation and mixed uses. Again, all development is not equal. When buildings are taller and more complex, private construction industry data clearly shows higher job creation per $1 million spent. That is true for both commercial structures and for condominiums and townhomes versus detached single-family homes.
- Normal, Ill., has a downtown resurgence thanks to the construction of a new Amtrak and bus-transit station equipped to handle High-Speed Rail now under construction from Chicago to St. Louis. The station has triggered a boom in private-sector construction of new office space, hotels, condominiums, and apartments valued at over $200 million. Indeed, long-term data on metro areas with and without growth management plans finds that those with plans experience substantially better growth in construction jobs. The best example here is Portland, Ore., where an Urban Growth Boundary in place since the late 1970s has spurred the labor-intensive revitalization of downtown and the former warehouse Pearl District.
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09/05/2012
By Greg LeRoy
Read More: http://www.huffingtonpost.com/greg-leroy/transit-and-transitorient_b_1858703.html
.....
There is now a raft of evidence that transit, transit-oriented development (TOD), and smart growth policies that give people more choice about how to get around are also proven winners for creating the most new jobs.
- Until the Recovery Act and its best-ever system for reporting job creation at recovery.gov, we couldn't compare construction jobs, highways versus transit. But two analyses of the Act's apples-to-apples jobs data found that building transit systems created 31 to 84 percent more jobs per $1 billion than did building highways. Similarly, federal highway data reveals that spending road money to "fix it first" -- or maintaining and improving existing roads, including "complete streets" for pedestrians and cyclists -- produces more work-hours than do sprawling new roads. That's because money is not used to buy land or engineer new rights of way.
- Transportation spending stimulates private investment upon land made more valuable. Transit-oriented development in half-mile radii around stations creates thousands of construction jobs as higher land values drive greater density, labor-intensive rehabilitation and mixed uses. Again, all development is not equal. When buildings are taller and more complex, private construction industry data clearly shows higher job creation per $1 million spent. That is true for both commercial structures and for condominiums and townhomes versus detached single-family homes.
- Normal, Ill., has a downtown resurgence thanks to the construction of a new Amtrak and bus-transit station equipped to handle High-Speed Rail now under construction from Chicago to St. Louis. The station has triggered a boom in private-sector construction of new office space, hotels, condominiums, and apartments valued at over $200 million. Indeed, long-term data on metro areas with and without growth management plans finds that those with plans experience substantially better growth in construction jobs. The best example here is Portland, Ore., where an Urban Growth Boundary in place since the late 1970s has spurred the labor-intensive revitalization of downtown and the former warehouse Pearl District.
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