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WMATA cites market and capital limits for transit‑oriented development; councilmember, advocates press for creative public partnerships
Summary
WMATA described constraints — capital costs, financing rates and limited usable land near tracks — that limit how quickly the authority can pursue transit‑oriented development (TOD); councilmembers and community groups pushed for clearer activation plans for priority sites.
At the March 3 oversight hearing WMATA described its strategic real estate program and the constraints that limit near‑term transit‑oriented development (TOD) on WMATA property.
General Manager Randy Clark said WMATA has a strategic real estate plan and several active solicitations — naming Deanwood and Morgan Boulevard among sites in various stages of planning — but that high construction costs and financing rates, the limited amount of developable surface property near tracks and the need to replace existing transit infrastructure are the principal barriers to immediate widespread development of WMATA parcels.
Clark sai…
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