Placemaking, Economic Development Components to Nashville’s TOD Plans
As Nashville prepares to turn its vision for a $6 billion, 25-year regional transit plan into reality, public and private sector representatives are exploring how transit can address other pressing issues, including improving access to workforce housing and spurring investment in transit-oriented development (TOD) with the potential to bring new vitality to surrounding neighborhoods.
“The value comes from the places you’re making, not the transit,” said Marilee Utter, president and founder of Citiventure Associates in Denver, speaking at a ULI Nashville event. Joining her were Ben Collins, senior managing director for Crescent Communities in Charlotte, North Carolina, and Tony Kuechle, senior vice president of development for Doran Companies in Minneapolis.
They discussed TOD tools and financing, and offered examples of successful projects, all of which have a common link. “These are great people places,” Utter said of the best TOD. “They are destinations you want to go to—and, by the way, the transit gets you there.”