TOD Overtaking Suburban Development
“Transit-oriented development (TOD) is becoming increasingly popular in metropolitan areas like Seattle, Los Angeles and Portland, despite its increased investment costs and more complex planning. Studies show that the benefits, which include reduced congestion, less pollution and greater property values, make establishing TOD nodes a practical investment for stakeholders, the transit authority and commuters. Projects that are setting good examples for others include the Wilshire Vermont Station and University Gateway in Los Angeles, and the Del Mar Station in Pasadena. For more on this continue reading the following article from National Real Estate Investor.”
Burton, Matt. NuWire Investor 15 July 2013.