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A Baseline for Downtown Transit-Oriented Development: Planning for Success in the Loyola CorridorBennett, Peter 01 October 2011 (has links)
Transit-Oriented Development (TOD) in downtown areas is a distinct form of new development, creating walkable districts and 24-hour neighborhoods. A new streetcar on Loyola Avenue in the New Orleans Central Business District was planned to encourage new development in the area. By analyzing the current land uses and values, projections of future change predict over $500 million in added value. For this development to become a successful TOD, policies must encourage uses that generate ridership and increase walkability. Although the Loyola corridor has many historic attributes of a transit-oriented downtown, it currently lacks neighborhood identity. The new development associated with the Loyola streetcar has the potential to become a downtown TOD.
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