MARTA developing real estate as way to generate revenue, riders

Posted on July 22, 2014

Tim Adams via Flickr

ATLANTA — The Metropolitan Atlanta Rapid Transit Authority (MARTA) is quietly becoming a player in the real estate world, as the agency has pushed forward with plans to develop under-used parking lots at three stations into mixed-use commercial and residential buildings, CityLab reported.

MARTA officials expect the new transit oriented development program to pay off twice over: first, by pumping revenue from the projects back into the system's trains and buses, and second, by enticing residents who move into the buildings onto the trains, according to the report.

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MARTA North Avenue Station
MARTA North Avenue Station
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