How do New Yorkers stay grounded? Perhaps through strolling in a park or exercising in a gym, or grabbing some sun at Coney Island. But the city itself is literally (under)grounded by public transportation. And we need to keep New York on track — also literally — in order for it to continue to prosper. Most […]
Tag Archives: value capture
Connect
It’s winter again in Boston. Anyone who was there last year during February and March knows what that means. The ability to move about the city could come to a screeching halt in the blink of an eye. . The Massachusetts Bay Transportation Authority (MBTA, or the “T”) completely shut down last winter after repeated large winter storms, […]
Bridge the Gap
. New York City, arguably the world’s premier global city, is the largest in the richest country in the world. The metropolitan region hosts 23+ million people, more than the population of Australia, and New York’s population continues to rise. The MTA network spans 5,000 miles, with more than 2,000 miles of track—enough to stretch from New […]
Thinking Beyond Buildings
. Public transportation authorities often do not control zoning and land use laws, and they also operate amidst a sea of privately-owned land. In fact, America’s land use laws are arguably reflected by its LEED incentives. The LEED Neighborhood Development Rating System rightly incentivizes LEED construction in transit-oriented communities by prioritizing an access to quality transit, […]
Reforming the MTA
Please feel free to view my Capstone: Bridging the Transportation Finance Gap: Planning Beyond Boundaries for a Connected 21st Century Please also feel free to view my Senior Honors Thesis: (Re)New Your City, New York City: Transporting Transformation Hubs New York’s Metropolitan Transportation Authority (MTA) is constantly running trains, but it is also constantly running […]
TOD: Transit-Owned Development
Summary: New York’s Metropolitan Transportation Authority (MTA) is constantly running trains, but it is also constantly running a deficit. Unlike profitable transportation companies, such as the Hong Kong Mass Transit Railway (MTR), the MTA has few valuable real estate assets which could be adequately transformed into transit-oriented and transit-owned joint development hubs. Similar to other […]
Ameraissance of Transportation Finance
“New York never stops. From morning-rush commuters to late-night club-goers, from school children on subways to seniors on buses, millions of people rely on the Metropolitan Transportation Authority (MTA) to get them through their daily lives. Without a robust and well-maintained network of railroads, subways, bus routes, bridges, and tunnels, New York as we […]
Value Capture and Joint Development
What does real estate have to do with public transportation? Actually, quite a lot. From Michigan Central Station in Detroit to the Hudson Terminal, Helmsley Building, and Hotel Pennsylvania in NYC, American railroads of the 20th century maintained a profit partly due to the transportation hub real estate assets they developed, owned, leased, and/or maintained vis-a-vis value […]
