Pittsburgh is primed for TOD. For the uninformed, which is just about everyone not obsessed with the wonky details of municipal zoning, TOD stands for.
Four Foreign Entities Among Nine Major Players To Bid For New Delhi Station Redevelopment Project
by Arun Kumar Das - May 26, 2021 04:49 AM
New Delhi railway station.
Snapshot
Adani Railways transport Ltd, GMR group, Arabian Construction Company, Anchorage Infrastructure, Omaxe and Kalpataru power transmission Ltd are among the nine domestic and international companies qualified in the RFQ for the Rs 6,500-crore project.
Four foreign companies among nine major players have qualified to participate in the financial bid for redeveloping New Delhi railway station.
Adani Railways transport Ltd, GMR group, Arabian Construction Company, Anchorage Infrastructure, Omaxe and Kalpataru power transmission Ltd are among the nine domestic and international companies qualified in the RFQ for the Rs 6,500 crore New Delhi Station redevelopment project.
Molapo Bridge to improve connectivity in Jabulani
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Improved connectivity and mobility are imminent in the Jabulani Node in Soweto upon the completion of Molapo Bridge.
Currently at 80% completion, the bridge will connect the community of Molapo to the Jabulani Node and the Jabulani CBD. It will also create a socially and economically integrated future for the two Soweto communities who, despite living a stone’s throw apart, have been separated by a railway line.
The Jabulani Node was identified as one of the City’s signature projects for using Transit-Oriented Development (TOD) as a catalyst to accelerate socio-economic development, by revitalising a neighbourhood for residents, commuters, businesses and visitors.
Hennepin County approves record $17.1M for affordable housing projects
Published
(FOX 9) - Hennepin County approved $17.1 million to support 27 affordable housing and development projects, the Board of Commissioners announced Wednesday.
According to a release, the board, acting as the Housing and Redevelopment Authority, approved the funding Tuesday. The awards represent more than double the amount of county funding available for affordable housing as recently as 2018.
Officials say the 27 projects are expected to help create or maintain 2,270 units of housing, including 1,550 affordable units, of which 360 will be affordable to households with the lowest incomes earning less than 30% of the Area Median Income, or about $31,450 for a four-person household.
Executive Summary
Transit-Oriented Development (TOD) strategies can improve connectivity between housing and employment centers, green spaces, and community facilities by supporting both local environmental sustainability objectives, through more efficient use of land, and “complete” streets, by creating safer infrastructure for pedestrians and bicyclists, leading to potential modal shifts. Enabling conditions for TOD may include changes in land-use regulation and other statutory provisions to create an integrated regulatory framework. TOD requires robust stakeholder engagement and institutional coordination during planning and implementation. Financing mechanisms cities have used to fund TOD include Land Value Capture, a strategy based on expected increases in land values due to infrastructure investments. These mechanisms have been used to generate revenues such as Tax Increment Financing (TIF) and a wide range of taxes and fees.