Transit Oriented Development in Disruptive Times

Abstract

This talk focuses on the future of transit oriented development (TOD), arguably one of the most sustainable forms of urbanization, in light of mobility disruptors, such as pandemics, automated and electro-mobility, shared economies, mobility as a service, and megatrends (e.g., aging societies; non-nuclear families; remote work). International experiences are drawn upon in recasting TOD in light of forces that are powerfully changing employment, lifestyle, and sociocultural preferences in both developed and developing urban contexts. Key features of TOD, including walkability and diversity in land uses, affordable housing options, and mobility choices are likely to gain a market foothold, albeit a cardinal feature of TOD – proximity to major transit hubs – could very well wane in importance. Shaped by policies focused on accessibility versus movement (e.g., ‘15-minute city’), Transit Villages and a panoply of micro-mobility services are likely to become more prominent. Such trends call for new public policy responses, like curb access management and inclusionary housing, to avoid unintended consequences. Innovative financing tools building upon value capture principles should gain favor as well.