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Task force explores land use and value-capture options to boost transit ridership and revenue
Summary
Members discussed zoning, parking reform, station-area planning, affordable housing and several value-capture mechanisms (including long-term ground leases and tax-increment style tools). Staff will refine proposals and return with further options for how the state could help unlock real-estate-based revenue for transit.
Task force members spent the afternoon on land-use changes and value-capture tools intended to increase transit ridership and create new revenue to support operations.
Caltrans and CalSTA staff presented findings from technical interviews and cross-jurisdictional research showing wide variation in the density and mix of uses near high-quality transit stations. Hunter Owens said many California transit stops lack the housing and job densities seen in high-performing international cases, and that changing local zoning, addressing entitlement delays and unlocking agency-owned parcels could incrementally increase ridership and tax revenue.
"We have a statutory definition of high-quality transit," Owens said. "The median…
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