Supporting Mass Appeal for Mass Transit

Dallas already has the largest light rail line in the United States.

Although the demand for housing at transit-oriented locations is expected to increase dramatically over the next 30 years, a wide range of pricing at transit-oriented developments, or TODs, will capture a greater share of this demand. Higher income residents support the retail, restaurant, and office functions. Lower income workers benefit from the adjacent mass transit because their transportation costs frequently exceed their housing costs—not to mention the prospect for employment at the retail and restaurant locations within the mixed-use TOD.

Read the rest of my blog posted at DMagazine’s RealPoints

About Bob Voelker

Head of the Munsch Hardt (Dallas law firm) Hospitality & Mixed Use Development Group, and former developer of affordable housing. I'm i
This entry was posted in Complete Street, DART, Downtown Dallas and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s