According to the Tribune, the mayor is expected to introduce a reform that would allow developers to build new TODs within 1,320 feet of a transit station—which would more than double the surface area that developers could build within. In addition, the new rules would also allow developers to build TODs within 2,640 feet of designated pedestrian streets.
Here is a bit more on the background:
Generally, the city requires that developers include one vehicle parking space per residential unit, however the TOD ordinance allows developers to cut down their parking requirements by at least half if the project is located 600 feet from a transit station…The mayor believes that the big investment in renovating the CTA stations along the Brown, Red and Blue lines will serve as a catalyst to seeing more transit-oriented developments, and wants to expand the constraints that developers currently have to build within. “This ordinance will capitalize these investments by accelerating development near transit stations,” the mayor recently declared.
This may not sound like much – the TOD boundaries increase from 600 to 1,320 feet from the transit station – but it could have quite an impact in certain neighborhoods:
The average citizen may not pay much attention to such things but zoning and land regulations have a lot of influence on urban patterns. This change could provide more incentive for denser developments around transportation nodes.
It would be interesting to hear Emanuel’s justification for this: is this about capitalizing on developers who really want to build in these places? Is it about going green? Is it about cutting down on traffic?