Management & Operations

Calif.'s VTA issues 3 transit oriented development RFPs

Posted on July 12, 2018

The main objective of VTA’s Joint & TOD Program is to use the authority’s 25 potential Joint Development locations as stable revenue sources for VTA through long-term ground leases.
VTA
The main objective of VTA’s Joint & TOD Program is to use the authority’s 25 potential Joint Development locations as stable revenue sources for VTA through long-term ground leases.
VTA

The Santa Clara Valley Transportation Authority’s (VTA) Joint & Transit Oriented Development (TOD) Program is issuing three new Requests for Proposal (RFP) to the real estate development community in an effort to help alleviate traffic congestion and create a steady source of revenue for the authority as it continues providing vital transportation services to the area.

VTA’s Joint Development Program decides which VTA-owned properties are suitable to build on and provides the necessary groundwork and resources to engage in public/private partnerships to develop those properties.

The main objective of VTA’s Joint & TOD Program is to use the authority’s 25 potential Joint Development locations as stable revenue sources for VTA through long-term ground leases. Another goal is to assist in the development of transit-oriented projects that enhance neighborhoods, increase affordable housing opportunities, and increase connectivity and ridership at VTA station areas.

The latest RFPs include three joint development sites: the Blossom Hill Light Rail Station, the Curtner Station Light Rail Station, and the Milpitas Transit Center. The Milpitas Transit Center, located at the newly constructed multimodal VTA/BART station in Milpitas, is part of the City of Milpitas Transit Area Specific Plan (TASP). Inspired by VTA’s transit investment, the city sponsored plan is designed to put housing, office space, a hotel, and retail in an area that’s currently industrial land near the newly built Milpitas BART station. This planning effort encourages TOD redevelopment throughout the southern portion of the city. VTA asks that any proposals comply with the existing TASP framework.

Earlier this year, VTA held public meetings to engage with neighbors surrounding the proposed development sites to gather feedback on what they’d like to see these developments provide in their neighborhoods. Collective concerns included station area safety, access, and traffic. Developers are tasked with responding to these concerns in their proposals.

The RFP’s are due this fall. To learn more of the specific property details, click here.

View comments or post a comment on this story. (0 Comments)

More News

GRTC Transit system names new CEO

Julie Timm becomes the sixth CEO and the first female CEO in the agency's history.

Cleveland RTA board approves new CEO contract

India Birdsong, who's official first day is Sept. 16, will oversee 2,300 employees and a $218 million annual budget.

WSP USA's L.A. office names new transportation leadership team

Members have operated in Southern California, delivering numerous complex infrastructure projects, including high-speed rail.

VIA Metropolitan Transit adds to executive management team

Marisa Bono the Public Engagement Group as chief strategic officer and Curtis Koleber is the agency’s new head of Transportation.

Keolis names new CEO of U.S. bus operations

Aline Frantzen joins Keolis in the U.S. from Keolis’ flagship operation in the United Kingdom, where she served as managing director of the Manchester Metrolink system

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation