00451144

Monograph

http://onlinepubs.trb.org/Onlinepubs/nctrp/rpt12/12.pdf

This report of interest to transit administrators, other transit professionals, private sector land developers and entrepreneurs involved in public sector/private sector partnerships. Gives guidance on appropriate techniques for involving the private sector throughout the planning, design, construction, and operation of fixed transit facilities. Benefit-sharing for fixed transit facilities is an approach to achieving an equitable relationship between the distributions of public and private costs for transit facility constuction, rehabilitation or operation and the distribution of public and private benefits. Opportunities for benefit-sharing occur during the planning and design of new transit facilities, during construction, and during their operation through (1) direct connections of developments to transit facilities, (2) the use of air rights over transit right-of-way, and (3) development of adjacent and nearby real estate. Furthermore, as a consequence of building fixed transit facilities, various other public facilities and utilities are rehabilitated. These opportunities for benefit-sharing by transit agencies are frequently lost because they are not an important consideration in the planning and design phases (i.e., in location and design of routes and stations). This research satisfied a need to assist transit agencies in implementing benefit-sharing by (1) cataloging strategies and techniques, (2) providing guidance on their application, and (3) evaluating case studies, which provide examples of applications. With respect to the recommendations and conclusions arrived at in this report, transit agencies are cautioned on what to anticipate from the private sector and should be aware that "making a deal" with the private sector obligates the transit agency to timely and reliable performance of the planned services.

Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.

214 p.

1985-7

NCTRP Report

Digital/other

Appendices (3) ; Figures; References

Benefit cost analysis; Financing; Joint development; Land use; Leasing; Private enterprise; Rail transit stations; Real property; Transit malls

Air rights

Administration and Management; Finance; Highways; Planning and Forecasting; Public Transportation

TRIS, TRB

Nov 30 1988 12:00AM