Transit-Orientated Development (TOD)
Transit-oriented development, or TOD, is a type of community development that can include a mixture of housing, office, retail and/or other amenities integrated into a walkable neighbourhood and located within the realm of public transportation.
We help our clients understand the benefits of TOD and evaluate the business model(s) best suited to their development.
Some of the main benefits of TOD include:
Reduced household driving, leading to lowered regional congestion, air pollution and greenhouse gas emissions
Increased transit ridership and fare revenue
Added value through increased and/or sustained property values
Improved access to jobs and economic opportunity for low-income people and working families
Expanded mobility choices that reduced dependence on cars