The TOD campaign will roll out in the form of breakfast talks and planned or opportunistic media coverage organised by WW+P in and jointly with industry partners. These will be held in London and the regions, throughout 2016 and 2017. The talks will take place on a monthly or bi-monthly basis and will be supplemented by further opportunities offered through third-party industry platforms, for example through professional, academic, industry and government bodies.
What is TOD?
The potential for transport infrastructure to drive regeneration and development opportunities particularly around transport hubs has long been known. A holistic approach to early stage master planning for a major transport projects is part of the new thinking, through TOD, which has been successfully implemented internationally
Government authorities, transport planners, landowners, investors and operators have come to the realisation that there is hugely underexploited potential around transport and mass transit facilities, which in turn can be generators of huge added property value. Transport interchanges play a crucial role in shaping the identity of localities, supporting local business growth, and instilling liveliness into community life; in short, creating better living places which leads to a more significant returns for investors. Capturing the value of regeneration, property and economic uplift will become increasingly important to ensure infrastructure costs are affordable and sustainable as urban centres drive economic growth and demand more investment.
As one of UK’s leading transport infrastructure design and delivery practices, WestonWilliamson+Partners are at the forefront of TOD – Transport Oriented Development. In 2016, WW+P aim to work with industry partners and experts to explore the potential of TOD for London and other major UK cities, covering the following key areas of discussion
The Value added of TOD?
- Through intelligent design, promote sustainability and contribute to meeting climate change targets
- Stimulate economic growth
- Make the most of existing public sector assets
- Spur private investment in public infrastructure
- Develop brownfield land more optimally
- Improve the living environment for local communities
- Increase the health and well-being for old and young members of the community
- Change attitudes, behaviour and values around the importance of place-making and localities
How to design TODs?
- Optimise intensification of land for asset owners and investors
- Put in place effective governance structures early on to design out various risk elements
- Social and environmental sustainability
- Efficient multimodal interchanges
- Integrated design into the existing urban realm elements
- Transit hierarchy
- Interchange best practice
- Capturing footprint value though commercial and retail hubs at stations
How to make them happen?
- Communicate about the value of smart and holistic design and collaboration across sectors
- Public-private partnerships
- Encourage government to facilitate land acquisitions
- Specific local tax based on development and growth
- Develop planning policy and foster public support
- Strategic government led planning framework for TODS
- No government development risk
- Government to lead investment