Walkable urban development near transit hubs is key to 21st century economic success. Arlington, Virginia transformed in the 1980s through rail transit investments, overlay zoning to encourage dense mixed-use development near stations, and proactive management. This created highly valuable and productive places that generate over half of the county's tax revenue from just 10% of the land. Value capture strategies like tax increment financing can help fund further transit expansion by latching onto rising property values generated.

1. Walkable
Urban,
Transit-­‐oriented
Development:
Key
to
21st
C
Economy
h@p://business.gwu.edu/walkup/

6. `

11. Arlington
Starts
Transforms
in
1980s:
Rail
Transit,
Overlay
Zoning
&
Mgmt
1980s:
Ex-­‐Sears
Stores
Same
Place
Today
Two
blocks
north
and
south,
single
family
housing
that
is
highest
priced
in
Arlington
on
$/foot
basis:
Best
of
Two
Worlds
10%
of
the
land=50%+
of
government
revenues
Among
best
schools
in
Country…new
housing
has
0.4
per
unit

27. Metropolitan
Land
Use
Op]ons
Economic
Regionally
Local-­‐
Role
Significant
Serving
Form
Place—e.g.
TOD
Neighborhood
1-­‐2%
of
Metro
Area
3-­‐7%
of
Metro
Area
Walkable
Urban
Edge
City
Bedroom
Drivable
Sub-­‐Urban
5-­‐7%
of
Metro
Area
Community
80-­‐85%
of
Metro
Area

30. Rail
Transit,
especially
streetcars
Rock
Creek
Railway,
DC,
1903
Salt
Lake
City-­‐1920s
West
End
&
Atlanta
Street
Car-­‐1920s
Pacific
Electric,
Los
Angeles-­‐1918

31. How
to
Pay
for
Transit?
Local
Taxes
But
Also…Value
Capture
&
TIFIA
ProgressiveAPTURE—PUBLIC
(TIF)
&
PRIVATE
Latching
VALUE
C Real Estate Cash Flows with Value
GentrificaNon
Pays
Transit
+
250%
Value Latching
200%
Value Creation / Cash Flow ($)
150%
100%
50%
0%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Short Term Mid Term Long Term
Time (years)

33. Christopher
B.
Leinberger
Land
use
strategist,
developer,
author,
researcher,
professor
(www.cleinberger.com)
• The
Op'on
of
Urbanism;
Inves'ng
in
a
New
American
Dream,
Island
Press,
2008
• The
Next
Slum?,
The
Atlan]c
Monthly,
March,
2008
• Here
Comes
the
Neighborhood,
The
Atlan]c
• “The
Death
of
the
Fringe
Suburbs”,
New
York
Times,
November
26,
2011
• “Now
Coveted,
A
Walkable
Convenient
Place”,
New
York
Times,
May
25,
2012