Transit oriented development (TOD) gains popularity in times of traffic congestion and rising gas prices.
"Americans may have a love affair with their cars, but their relationship isn't as sweet as it once was. Rising fuel prices, frustrating traffic congestion, and exhausting commutes make the idea of walking to work sound pretty good. Add to that Americans' growing desire for vibrant town centers with a defined sense of place instead of sprawling subdivisions and retail strips, and what do you get? Factors that, combined with other changing demographics, are fueling the need for well-planned, accessible transit systems in markets of all sizes. And where transit systems and their riders go, commercial real estate opportunities are soon to follow."
Thanks to morgan alexander
FULL STORY: What Drives TOD?
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