Is transit supportive development economically viable?

Yes! In fact, transit supportive development provides financial benefits for almost everyone. From those who develop transit supportive places, to those who provide or use transit services, transit supportive communities have the potential to enhance community and personal wealth. This page highlights how various groups can realize economic benefits from transit supportive development

Personal Finance

  • The average Chicagoan could save $11,700 per year by switching from driving to public transit. (source: APTA Transit Savings Report)
  • Transit-supportive development places more jobs in areas with greater access.

Community Quality of Life

  • Transit use reduces dependency on limited resources related to private automotive use.
  • Fewer environmental impacts are created as development and activities are concentrated in appropriate locations.
  • Human capital is maximized as fewer hours are spent in traffic congestion that limits productivity.

Municipal and Agency Management

  • Communities maintain and develop more efficient roadway systems with fewer lane miles when transit replaces personal vehicle use.
  • Service providers can access more customers in a smaller geographic area.
  • Transit-supportive development results in shorter response times for emergency services.

Transit Operations and Management

  • Transit-supportive development places more riders closer to transit, increasing ridership and decreasing the cost per ride.
  • Concentrated and defined activity centers make ridership patterns more predictable, reducing the likelihood of inefficient service concepts.
  • Local development provides the opportunity for integrated transit facilities and infrastructure.

Development Feasibility

  • Transit use replaces automobile use and storage, thereby allowing parking areas to be more effectively used for development.
  • Mixed-use development mitigates developer risk by diversifying the uses that balance demand as market dynamics change.
  • Mixed-use development can accommodate a variety of uses and helps sustain occupancy as market demand evolves.