Friday, July 25, 2008

Good transit helps the biggest nest egg

Good transit plus good jobs really does equal a strong housing market says the SF Chronicle in a piece on corporate shuttle services and property prices. They go on to say that "with Apple, Yahoo, eBay and VMware also starting employee shuttle services in the Bay Area (and Microsoft recently launching one in Seattle), there may soon be more transit-specific real estate formulations to measure."

Density with corridor transit is a solution to many problems including gasoline useage and global warming. The Urban Land Institute lists it as one of the regional solution in Growing Cooler- what they call compact, transit served areas.

The state instead is moving ahead with a small partial solution with future demand management. AB3021 would allow the MPOs and local jurisdictions to build a toll road to bypass a problem.

As stated in the MN this "little-known piece of legislation working its way through Sacramento would create a new transportation board to oversee the financing of toll roads and give local and regional agencies the authority to impose tolls on projects in their jurisdictions."

This is the wrong solution since all it will do is induce more driving (also in Growing Cooler) which today we know leads to more pollution, deaths, congestion, property price declines in far away suburbs, environmental damage from restricted wildlife corridors and stormwater flows, and fires. Instead the toll authority should be allowed local jurisdiction to charge tolls to manage existing lanes and roadways.

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