12. Hang Hau Station: Price Premium R=400m N R+P Commercial Commercial Residential Public etc Others Green Space R+P Residential Station R=200m 35% Price Premium for R+P in TOD format
13. Deconstructing Freeway Infrastructure Urban Regeneration with Less Mobility Portland’s Harbor Freeway Before Before After After San Francisco’s Embarcadero Freeway Milwaukee San Francisco’s Central freeway to Octavia Boulevard 1964 2006 Boston’s Big Dig
14. Redesign of Seoul Plaza “ Calmed” Traffic: Pedestrian Oval Seoul, Korea: Urban Reclamation Cheong Gye Cheon Freeway Removal/ Stream Restoration Before: 2003 After: 2005
15. Exclusive median bus lanes: 7 lines/ 84 km Curbside bus lanes: 293.6 km Targeted Vertical Retail-Office-Condo development along BRT corridors Multi-modal Transport: Offsetting Road Capacity Losses with Bus Priority Lanes & TOD Before: 2004 After: 2005
Key message: studies show the accessibility benefits of living near rail stations get reflected in land values and rents – with the largest benefits generally accruing to properties closest to the station. Theory says benefits of living near rail get capitalized into land values. Thus a good way to reflect benefits of TOD is to examine rent and land value premiums – often by comparing “comps” (similar projects except one is near and the other is not near transit). Note: design factors weigh in. QUESTION : How might this “land premium” curve look if the immediate station is surrounded by a park-and-ride lot? To the degree traffic entering a neighborhood creates a nuisance (or what economists call a “disamenity”), there might be a dip in the curve close to the station.
TRANSPORTATION AND LAND USE 10- Key message: Design is partly about making TOD attractive places for “choice consumers”, but also to make densities tolerable – by softening perceptions of density, it is possible to push the envelope of densities high enough to sustain often-expensive fixed-guideway transit investments. Key design attributes: civic spaces near station; pedestrians and transit co-habitate streets (with minimal car interference); “green connectors” – good bikeway and pedway connections.
TRANSPORTATION AND LAND USE 10-
This is just a simplified diagram of Hong Kong station’s development package. This package is basically made from different land use components such as office, shopping mall and hotels. These designs and construction were done by MTRC and benefits and costs are shared among stakeholders. MTRC did not disappear and remain as a part of the property owner and manager so that they can watch the whole integrated system and keep the annual revenue stream from the assets. Again, this is just one of the package example. There are diverse 25 R+P cases, we supposed that the different types of development packages would have different degrees of land impacts. So as our next step, we make some…
TRANSPORTATION AND LAND USE 10-
TRANSPORTATION AND LAND USE 10-
TRANSPORTATION AND LAND USE 10- To achieve the two main projects, several supporting systems were also developed. first, exclusive median bus lanes were expanded. currently there are 7.6 km of exclusive median bus lanes. In 2004, the exclusive median bus lanes were expanded by an additional 74.6 km. In 2005 and thereafter, an additional 87.8 km will be created, for a total of 162.4 km. These median bus lanes have shown an increase of 60 % in average bus speed.