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Financing Transit-Oriented Development with Land Values
Notes 1. “Sending districts” can be defined as the areas from which development rights are transferred along with zoning regulations to address natural, scenic, recreational, architectural, or open land, or sites of historical, cultural, aesthetic, or economic values to be protected. “Receiving districts can be designated as the areas to which development rights are transferred mainly for desirable densification, including TOD. This means that the designation of receiving districts also call for careful analysis and planning on the availability and provision of public infrastructure and services in the areas influenced by new densification activities, such as transport, parking, water and energy supply, sewage, and fire protection” (Nelson, Pruetz, and Woodruff 2012; New York State 2011). 2. A new “transitional” zoning tool introduced, R15-30T (Arlington County Department of Community Planning, Housing and Development, Planning Division 2012); see Arlington County Department of Community Planning, Housing and Development, Building Arlington Division (2012). 3. A special taxing district is “an area defined by the local government where a new tax is assessed to businesses and perhaps other properties and the revenue generated by the new tax is dedicated to a particular use within the district. Special taxing districts can be used in several ways: to fund directly capital construction of public infrastructure at a TOD; to provide revenue or security for the repayment of a bond; or fund operating and maintenance costs such as management contract costs, utilities, cleaning, snow removal, and security services within the defined district” (Maryland Department of Transportation 2012).
References AECOM. 2011. “Making the Case for Transit: WMATA Regional Benefits of Transit.” Technical Report. Washington Metropolitan Area Transit Authority Office of Long Range Planning, Washington, DC, November. www.wmata.com/pdfs/planning/WMATA%20Making%20the%20 Case%20for%20Transit%20Final%20Tech%20Report.pdf. APTA (American Public Transportation Association). 2013. “Public Transportation Investment Background Data 8th Edition.” Washington, DC: American Public Transportation Association, December 12. www.apta .com/resources/reportsandpublications/Documents/Public-Transportation -Investment-Background-Data.pdf. Arlington County Department of Community Planning, Housing and Development, Building Arlington Division. 2012. “Section 10A. ‘R1530T’ Residential Town House Dwelling Districts.” April. http://building .arlingtonva.us/wp-content/uploads/2012/04/Ordinance_Section10a.pdf.