Transit-Oriented Development Helps Economic Growth

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Arlington, Virginia, and the Ballston-Rosslyn transit corridor offers one of the country’s most prominent examples of successful Transit-Oriented Development (TOD) policy that have spurred economic growth and community revitalization. Drawing on the Arlington County project, the Partnership for Sustainable Communities, a national nonprofit dedicated to helping American cities and towns more efficient and successful for the long-term, released a recent article highlighting the community benefits of the smart growth planning approach. Presenting details featured in a new LIIF paper co-authored with Morgan Stanley Global Sustainable Finance, “How Transit-Oriented Development Can Help Get America to Work”, the article summarizes the economic growth that can occur when community development planning occurs in consideration with public transportation. Following a redevelopment strategy based around five metro stations, the Arlington transit corridor has thrived, creating 50,000 new jobs and doubling the regional population.

Read the full article on Partnership for Sustainable Communities

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Source: Partnership for Sustainable Communities