Transit-Oriented Development Trend Growing
The growing trend of transit-oriented development (TOD) was surveyed by the Institute for Transportation and Development Policy (ITDP), using its TOD Standard evaluation tool.
The report authors note the urban share of the world’s population is expected to increase to 70 percent by 2050.
Places where the car-centric lifestyle is becoming a thing of the past are examined as young, creative people would rather walk and cycle than drive, the authors say.
London’s Central St. Giles development received the highest score in the survey—99 out of a possible 100—with Hammarby Sjöstad in Stockholm receiving a score of 94, and Liuyun Xiaoqu in Guangzhou receiving a score of 90.
ITDP assessed the developments using its new TOD Standard, a policy guide that evaluates real estate developments using eight key elements to integrating sustainable transport, land use planning and sustainable urban design.
The TOD Standard captures growing trends in public sentiment, even in the car-centric US. The report cites a National Association of REALTORS annual survey found that 60 percent of US respondents prefer neighborhoods with a mix of houses, stores and businesses within walking distance, rather than neighborhoods that require driving between home, work and recreation.
A recent World Bank report found that China could save $1.4 trillion in urban infrastructure costs if its comprehensive efforts for urban growth focused on density, not sprawl.
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