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A much-advertised benefit of light rail is that it sparks economic development around stations.
Other European countries such as France and Germany recognise these wider benefits and fund their railways and public transport accordingly, with combinations of local and national taxes and funding from development around stations.
We argue that fiscal regulations have shaped how China's municipal governments plan for and invest in passenger rail services and land development around stations, and that policy reforms are necessary to bring successful transit-oriented development and transit operation for China's next round of urbanization.
As for more money, he suggested surcharging passengers for their trips through tunnels, capturing revenue from commercial development around stations and allowing the authority to issue revenue bonds.
Similar(56)
The experiences of TOD in Singapore, Portland, and Arlington shows there is significant effect of land use development around station to the use of transit modes and to reduce the distance travelled.
There have been earlier efforts by New Jersey Transit to encourage development around its stations.
Increased ridership would benefit New Jersey Transit, which for years has been encouraging mixed-use development around its stations.
Other cities would look at the question of increasing development around railway stations and aim for some sort of coherent plan for achieving it.
It looks like the government is cottoning on to this approach: in a recent planning policy consultation it identified 680 sites for high-density development around train stations.
Findings of this study may have implications not only for the planning of other transit modes to enhance the resilience of public transit network in vulnerable areas but also for the land use development around rail stations.
I'm not so sure about the longer distance connections (LA to SF), but if it's done right, with sensible development around the stations and routes that travel to the population and job centers, there's no reason why it can't be successful both environmentally and economically.
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CEO of Professional Science Editing for Scientists @ prosciediting.com