Pennsylvania’s Public-Private Partnership (P3) board approved two projects – one that will establish a wetland mitigation bank to offset environmental impacts from construction or development projects, and another to pursue transit oriented development.
The Pennsylvania Department of Transportation (PennDOT) announced that it will soon take the next steps toward entering into a public-private partnership (P3) contract with a private partner to develop parking and commercial development around the Middletown train station, which will be rebuilt through a multi-partner project.
The U.S. Department of Transportation’s Federal Transit Administration (FTA) selected the cities of Birmingham, Ala.; Charlotte, N.C.; Albuquerque, N.M.; Omaha, Neb.; and Tacoma, Wash. to receive support in planning development near transit systems as part of the second round of its Transit Oriented Development (TOD) Technical Assistance Initiative.
Transit-oriented development near DART Rail, like CityLine and the continued growth in the Cedars south of downtown Dallas, is driving the North Texas economic boom with more than $7 billion in economic impact from new or planned construction within a quarter mile of rail stations.