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Measuring Benefits of Transit Oriented Development MNTRC 12-18 Report

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Measuring Benefits of Transit Oriented Development MNTRC 12-18 Report MNTRC MINETA NATIONAL TRANSIT RESEARCH CONSORTIUM Measuring Benefits of TransitMeasuring Oriented Benefits Development of Funded by U.S. Department of Transportation Measuring Benefits of Transit Oriented Development MNTRC Report 12-18 MNTRC MNTRC Report 12-18 October 2014 MNTRC MINETA NATIONAL TRANSIT RESEARCH CONSORTIUM MINETA TRANSPORTATION INSTITUTE MTI FOUNDER LEAD UNIVERSITY OF MNTRC Hon. Norman Y. Mineta The Norman Y. Mineta International Institute for Surface Transportation Policy Studies was established by Congress in the MTI/MNTRC BOARD OF TRUSTEES Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA). The Institute’s Board of Trustees revised the name to Mineta Transportation Institute (MTI) in 1996. Reauthorized in 1998, MTI was selected by the U.S. Department of Transportation Founder, Honorable Norman Thomas Barron (TE 2015) Ed Hamberger (Ex-Officio) Michael Townes* (TE 2014) through a competitive process in 2002 as a national “Center of Excellence.” The Institute is funded by Congress through the Mineta (Ex-Officio) Executive Vice President President/CEO Senior Vice President Secretary (ret.), US Department of Strategic Initiatives Association of American Railroads National Transit Services Leader United States Department of Transportation’s Research and Innovative Technology Administration, the California Legislature Transportation Parsons Group CDM Smith through the Department of Transportation (Caltrans), and by private grants and donations. Vice Chair Steve Heminger (TE 2015) Hill & Knowlton, Inc. Joseph Boardman (Ex-Officio) Executive Director Bud Wright (Ex-Officio) Chief Executive Officer Metropolitan Transportation Executive Director The Institute receives oversight from an internationally respected Board of Trustees whose members represent all major surface Honorary Chair, Honorable Bill Amtrak Commission American Association of State Shuster (Ex-Officio) Highway and Transportation Officials transportation modes. MTI’s focus on policy and management resulted from a Board assessment of the industry’s unmet needs Chair Donald Camph (TE 2016) Diane Woodend Jones (TE 2016) (AASHTO) and led directly to the choice of the San José State University College of Business as the Institute’s home. The Board provides House Transportation and President Principal and Chair of Board Infrastructure Committee Aldaron, Inc. Lea+Elliot, Inc. Edward Wytkind (Ex-Officio) policy direction, assists with needs assessment, and connects the Institute and its programs with the international transportation United States House of President community. Representatives Anne Canby (TE 2014) Will Kempton (TE 2016) Transportation Trades Dept., Director Executive Director AFL-CIO Honorary Co-Chair, Honorable OneRail Coalition Transportation California MTI’s transportation policy work is centered on three primary responsibilities: Nick Rahall (Ex-Officio) Vice Chair Grace Crunican (TE 2016) Jean-Pierre Loubinoux (Ex-Officio) (TE) = Term Expiration or Ex-Officio House Transportation and General Manager Director General * = Past Chair, Board of Trustee Research Infrastructure Committee Bay Area Rapid Transit District International Union of Railways MTI works to provide policy-oriented research for all levels of United States House of (UIC) Department of Transportation, MTI delivers its classes over Representatives William Dorey (TE 2014) government and the private sector to foster the development a state-of-the-art videoconference network throughout Board of Directors Michael Melaniphy (Ex-Officio) of optimum surface transportation systems. Research areas in- the state of California and via webcasting beyond, allowing Chair, Stephanie Pinson Granite Construction, Inc. President & CEO (TE 2015) American Public Transportation clude: transportation security; planning and policy development; working transportation professionals to pursue an advanced President/COO Malcolm Dougherty (Ex-Officio) Association (APTA) interrelationships among transportation, land use, and the degree regardless of their location. To meet the needs of Gilbert Tweed Associates, Inc. Director California Department of Jeff Morales (TE 2016) environment; transportation finance; and collaborative labor- employers seeking a diverse workforce, MTI’s education Vice Chair, Nuria Fernandez Transportation CEO management relations. Certified Research Associates conduct program promotes enrollment to under-represented groups. (TE 2014) California High-Speed Rail Authority General Manager/CEO Mortimer Downey* (TE 2015) the research. Certification requires an advanced degree, gener- Valley Transportation Senior Advisor David Steele, Ph.D. (Ex-Officio) ally a Ph.D., a record of academic publications, and profession- Information and Technology Transfer Authority Parsons Brinckerhoff Dean, College of Business San José State University al references. Research projects culminate in a peer-reviewed MTI promotes the availability of completed research to Executive Director, Rose Guilbault (TE 2014) publication, available both in hardcopy and on TransWeb, professional organizations and journals and works to Karen Philbrick, Ph.D. Board Member Beverley Swaim-Staley (TE 2016) the MTI website (http://transweb.sjsu.edu). Mineta Transportation Institute Peninsula Corridor Joint Powers President integrate the research findings into the graduate education San José State University Board (Caltrain) Union Station Redevelopment program. In addition to publishing the studies, the Institute Corporation Education also sponsors symposia to disseminate research results The educational goal of the Institute is to provide graduate-lev- to transportation professionals and encourages Research el education to students seeking a career in the development Associates to present their findings at conferences. The Directors and operation of surface transportation programs. MTI, through World in Motion, MTI’s quarterly newsletter, covers San José State University, offers an AACSB-accredited Master of innovation in the Institute’s research and education pro- Karen Philbrick, Ph.D. Peter Haas, Ph.D. Brian Michael Jenkins Science in Transportation Management and a graduate Certifi- grams. MTI’s extensive collection of transportation-related Executive Director Education Director National Transportation Safety and Security Center cate in Transportation Management that serve to prepare the na- publications is integrated into San José State University’s tion’s transportation managers for the 21st century. The master’s world-class Martin Luther King, Jr. Library. Hon. Rod Diridon, Sr. Donna Maurillo Asha Weinstein Agrawal, Ph.D. Emeritus Executive Director Communications Director National Transportation Finance Center degree is the highest conferred by the California State Uni- versity system. With the active assistance of the California DISCLAIMER The contents of this report reflect the views of the authors, who are responsible for the facts and accuracy of the information presented MNTRC herein. This document is disseminated under the sponsorship of the U.S. Department of Transportation, University Transportation Centers Program and the California Department of Transportation, in the interest of information exchange. This report does not necessarily reflect the official views or policies of the U.S. government, State of California, or the Mineta Transportation Institute, who assume no liability MINETA NATIONAL TRANSIT for the contents or use thereof. This report does not constitute a standard specification, design standard, or regulation. RESEARCH CONSORTIUM REPORT 12-18 MEASURING BENEFITS OF TRANSIT ORIENTED DEVELOPMENT Robert B. Noland, Ph.D. Kaan Ozbay, Ph.D. Stephanie DiPetrillo Shri Iyer October 2014 A publication of Mineta National Transit Research Consortium College of Business San José State University San José, CA 95192-0219 DISCLAIMER STATEMENT The contents of this report reflect the views of the authors who are responsible for the facts and the accuracy of the data presented herein. The contents do not necessarily reflect the official views or policies of the New Jersey Department of Transportation, the Federal Highway Administration or the Federal Transit Administration. This report does not constitute a standard, specification, or regulation. TECHNICAL REPORT DOCUMENTATION PAGE 1. Report No. 2. Government Accession No. 3. Recipient’s Catalog No. CA-MNTRC-14-1142 FHWA-NJ-2014-014 4. Title and Subtitle 5. Report Date Measuring Benefits of Transit Oriented Development October 2014 6. Performing Organization Code 7. Authors 8. Performing Organization Report Robert B. Noland, Ph.D., Kaan Ozbay, Ph.D., Stephanie DiPetrillo and Shri Iyer MNTRC Report 12-18 9. Performing Organization Name and Address 10. Work Unit No. Mineta National Transit Research Cosortium DTRT12-G-UTC21 Mineta Transportation Institute College of Business, San Jose State University San Jose, CA 95192-0219 11. Contract or Grant No. Final Report Alan M. Voorhees Transportation Center Rutgers, The State University of New Jersey 12. Sponsoring Agency Name and Address 13. Type of Report and Period Covered U.S. Department of New Jersey Department Federal Highway Admin. Transportation of Transportation US Department of Research & Innovative PO 600 Transportation Technology Admin. Trenton, NJ 08625 Washington, DC 20590 14. Sponsoring Agency Code 1200 New Jersey Avenue, SE Washington, DC 20590 15. Supplemental Notes Report is available, with separate covers, from each sponsor. 16. Abstract Transit-oriented development (TOD) in New Jersey is
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