Transforming the Urban Space through Transit-Oriented Development : The 3V Approach
Imagine a city that is more competitive, with higher-quality neighborhoods, lower infrastructure costs, and lower C02 emissions per unit of activity. This city has lower combined transportation and housing costs for its residents than other cities...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/647351490648306084/Transforming-the-urban-space-through-transit-oriented-development-the-3V-approach http://hdl.handle.net/10986/26405 |
| Summary: | Imagine a city that is more competitive,
with higher-quality neighborhoods, lower infrastructure
costs, and lower C02 emissions per unit of activity. This
city has lower combined transportation and housing costs for
its residents than other cities at similar levels of
economic activity. Its residents can access most jobs and
services easily through a combination of low-cost public
transport, walking and cycling. Its core economic and
population centers are resilient to natural hazards. It is
able to finance improvements to public space, connectivity,
and social housing by capturing value created through
integrated land use and transport planning. Such a vision
has never been more relevant for rapidly growing cities than
it is today. Transit-oriented development (TOD) can play a
major role in achieving such a vision. Based on an
observation of methodologies applied in different countries,
the World Bank's Community of Practice on Transit
Oriented Development has developed a methodology called the
3 Value (3V) Framework, which outlines a typology to
facilitate TOD implementation at the metropolitan and urban
scale in various contexts. The 3V Framework equips policy
and decision makers with quantified indicators to better
understand the interplay between the economic vision for the
city, its land use and mass transit network, and urban
qualities and market vibrancy around its mass transit
stations. This book provides examples of approaches taken by
cities like London and New York to align their economic,
land use, and transport planning to generate jobs and high
value. We hope this book will help readers develop a
coherent vision, policies, and strategy to leverage the
value created through enhanced connectivity and
accessibility and make cities even more appealing places to
live, work, play and do business. |
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