Interesting new report commissioned by the Foothill Gold Line Construction Authority on transit-oriented development (TOD) along the line. Check out the two key pages above. (If you want to print or download the reports, click here).
Of course, this comes with a caveat. Some of this development may have happened with or without the train line. Still, the report shows what’s pretty obvious if you look at the neighborhoods along the line: Pasadena has been aggressive about allowing more density near the train and actually attraction development.
And the other cities along the line? Well, not so much. It’s hard to say why. In some cases, there may simply not be any development opportunities or parcels available. And perhaps in others, city officials just aren’t that interested in adding any more units.
A second study looked at the financial impacts of TODs in Pasadena. Here’s the key info from that:
The economic and fiscal effects of TOD near the six Gold Line stations in Pasadena is substantial and is growing, both in the short term due to residential and commercial construction and in the long term due to ongoing operations at businesses at TOD properties and spending by new residents. Residential and commercial construction at existing TOD properties generates $2.6 billion in economic output, supports roughly 16,300 jobs, generates $860.7 million in labor income, and generates $52.9 million in tax revenue.
In addition, residential and commercial construction at planned and proposed TOD properties generates $688.1 million in economic output, supports roughly 4,400 jobs, generates $239.6 million in labor income, and generates $13.4 million in tax revenue. Altogether, residential and commercial construction at TOD properties generates $3.3 billion in economic output, supports roughly 20,700 jobs, generates $1.1 billion in labor income, and generates $66.3 million in tax revenue for public agencies across Los Angeles County.
What’cha think, readers? Too much development along the Gold Line? Or too little? Anywhere you think is ripe for something to happen? Comment please.
One note: the Gold Line extension from Azusa to Claremont is unfunded. Measure M, Metro’s sales tax ballot measure, does have funding for the project. Measure M would raise the countywide sales tax by a half cent and continue the Measure R half-cent sales tax beyond its 2039 expiration date. To see a timeline of projects and programs funded by Measure M, click here and scroll down.
Related: check out this post from a while back that has maps from around the county of communities before and after the Metro Rail lines arrived.
And here’s a video that includes a discussion of TODs along the line from a recent Construction Authority “state of the project” event: