What Urban Innovations Can Do For You

For decades, the automobile has been the force behind real estate development decisions in America. As a result, open space and greenfields have been consumed by an ever-expanding suburbia of large yards, wide roads, and massive parking lots. During this same period, mass transit has been de-emphasized and, unlike many parts of the world, passenger train service has all but disappeared. Now, the nation has been forced to re-evaluate its development policies as a result of:

• Rising energy costs
  
• Deteriorating downtowns
  
• Over-crowded freeways
  

Due to these troubling conditions, Federal and state governments have appropriated billions of dollars annually to rectify these problems through Transit Oriented Development (TOD)………..an approach that combines real estate development and transit system construction in a joint development project assisted with public funds. The results:

• Synergistic financial benefits to all parties in the project
  
• A vibrant, mixed-use community of residential, employment and shopping opportunities
  
• A community centered around a high-quality transit station and designed for pedestrians without excluding the automobile
  

Transit agencies, municipalities and developers need each other to maximize the benefits of their respective projects and to minimize their costs through TOD…..this concept was specifically designed into the many funding programs available. Urban Innovations is the catalyst to maximizing TOD public funding for your project.

TOD funding programs are specifically designed to:

• Provide significant financial benefits for developers who incorporate transit into their real estate projects
  
• Provide new long-term income streams for municipalities and transit authorities who incorporate real estate development into their transit projects.
  

As a result of employing TOD in your project:

• The development becomes more profitable, desirable and of greater value
  
• Transit realizes increased ridership and new revenue streams
  
• The community enjoys convenience, safety and increased economic activity
  

Unfortunately, each year millions and millions of dollars in available Federal and state funds are being neglected because:

• Developers do not understand the worth of transit to their development or do not know how to introduce it into their projects.
  
• Local municipalities and transit authorities are unaware of the many financial benefits they can receive by incorporating real estate development into their transit projects
  

With the national focus on TOD and the many financial benefits it provides, all developers, transit authorities and municipalities should consider Transit Oriented Development to improve the profitability and value of their projects.

Urban Innovations is a nationally recognized transportation services firm located in Pittsburgh, PA and is in the business of helping local municipalities, transit authorities and developers maximize the benefits of TOD funds in their projects.

• Urban Innovations can locate, recover and properly employ in your project the many funding programs that all levels of government are making available today
  
• Urban Innovations pioneered and developed a proprietary process to maximize Federal, state, local and private financing for Transit Oriented Development projects
  
• Urban Innovations has overcome the complexities surrounding the implementation of Transit Oriented Development through their construction experience, relationships with developers and knowledge of governmental and private funding mechanisms
  

Urban Innovations is now helping municipalities, transit authorities and developers nationwide to implement TOD and maximize government funding and long-term financial benefits for their projects. And, our professional fees are covered under these funding programs. We have projects underway from coast to coast and look forward to learning more about your next project.

Urban Innovations is a financing and planning specialist, focused on maximizing public funding and long-term financial benefits for municipalities, transit authorities and developers through:

• Transit Oriented Development
  
• The Joint Development Process
  
• Transit Related Development
  
• Park-N-Ride Planning
  
• Transit Oriented Development Station Development
  

Urban Innovations thoroughly analyzes your project throughout the process, employing and evaluating:

• Market Research
  
• Project Feasibility Analysis
  
• Grant Writing Assistance
  
• Public/Private Finance Opportunities
  
• Real Estate Use
  
• Capital Budgeting
  
• Operations Planning
  
• Community Economic Development and Planning
  

To learn more about how we can help you incorporate TOD into your projects, contact us today.