From the Wall Street Journal, for God’s sake …
TOD – transit-oriented development – lives:
Developers say this type of project is now one of the fastest-growing areas of the housing market. The growth comes as developers regroup after the housing and financial crises. Some developers say they aim to focus more on these projects.
Efforts to rein in sprawl slowly gathered steam over the past couple of decades, but the housing bust helped shape this latest crop of TOD newcomers. During the housing frenzy, Americans were willing to buy a pricey home an hour or more from their workplaces. But now gas prices around $4 a gallon have made that commute costly.
Plus, housing values have dropped by a third or more since the 2006 peak, so tying up one’s net worth in a suburban home that isn’t guaranteed to increase in value seems too big a risk.
Lots of above ground parking in the posted image.
i love to ride trains on a train station specially at the central train station. :
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