The Federal Transit Administration (FTA) has placed in the Federal Register docket and on its website proposed changes to Joint Development Guidance (Circular (7050.1A). The changes would increase flexibility for transit agencies to pursue joint development projects, resulting in more value capture opportunities that help create value for both transit systems and surrounding communities. The guidance also would streamline FTA’s regulations and approval process.
FTA seeks public comment on the proposed changes to its joint development process. Submit comments by June 3, 2019.