Tag: fulton center
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Thinking Beyond Buildings
Public transportation authorities often do not control zoning and land use laws, and they also operate amidst a sea of privately-owned land. In fact, America’s land use laws are arguably reflected by its LEED incentives. The LEED Neighborhood Development Rating System rightly incentivizes LEED construction in transit-oriented communities by prioritizing an access to quality transit, with…
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(RE)New York City
Riel, 2014 . (Re)New Your City, New York City: Transporting Transformation Hubs America’s public transportation agencies cannot be profitable in the 21st century due to a political economy that isolates these agencies from municipal zoning and land use policies, and from forming value capture mechanisms – from tax increment financing to joint development and the…
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Value Capture and Joint Development
What does real estate have to do with public transportation? Actually, quite a lot. From Michigan Central Station in Detroit to the Hudson Terminal, Helmsley Building, and Hotel Pennsylvania in NYC, American railroads of the 20th century maintained a profit partly due to the transportation hub real estate assets they developed, owned, leased, and/or maintained vis-a-vis value…
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Glimpse: Fulton Center
“Glimpse” is a new PYC series for on-the-go readers interested in concise, image-laden posts… The well-lit Fulton Center will be completely opened within the next few months, but I was granted access to the construction site in late August, in the company of Daniel Peterson, PE, who came up with the floor plan for the Fulton Center.…
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Mr. TOD
The Tale of Mr. TOD Once upon a time, Mr. Tod arrived in New York. And the rest was not yet history. The tale is still, obviously, unfolding. Will Mr. Tod be able to create mobile, accessible, and affordable neighborhoods? Or will Mr. Tod only support luxury? Mr. Tod, of course, is Mr. Transit-Oriented Development. He’s more and more popular these…
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Transformation Hubs
Most Americans did not own cars in the early 20th century. There were no trucks, there were no planes. Instead of taking the highway or heading to the airport, people went to the train station. Indeed, railroad transportation was essentially the only convenient way to get around. Intercity passenger railroads were profitable. Commuter lines were…