Unlocking transit financing with TOD
Magnovate networks offer more ways for rail owners to create and capture value from TOD. No other tool supports increased transit ridership and increased land values around transit infrastructure to the same extent.
Office buildings with access to transit rent for up to 80% more and have lower vacancy rates
30-50% reduction in per capita annual congestion delay versus auto dependent communities
TOD residents consume 20-40% less transportation energy
Lower Infra Cost
Densification eliminates expansive utilities required for suburban sprawl
Thousands of dollars saved annually per household from riding transit instead of owning a car
Retail shops and restaurants are all within walking or bicycling distance.
Improved Planning Process
For most transit planners TOD objectives are an afterthought. As a consequence, real estate developers show up to find that transit stations are in areas that are not suitable for real estate development. We work with our clients to ensure that alignments are planned to maximize TOD.
Traditional rapid transit vehicles must stop and start at each station. Transit planners minimize the number of stations (i.e. TOD opportunities) on alignments because each stop slows down travel times. Magnovate networks allow many more TODs without sacrificing network speed.
Higher Value TODs
Rapid transit benefits such as travel time savings and reliability improvements are reflected in land values around stations, just like ocean front property is worth more. Magnovate’s fast, on-demand service translates into higher land values. Silent operation ensures that value is preserved, unlike traditional rail.
Magnovate’s high speeds and nimble footprint provides planners with more options to design alignments that intersect with vacant land. Because vacant land permits higher density and better quality space these communities attract more residents and, therefore, generate more tax revenue to offset construction cost and operating expenses.
The additional revenue that cities earn from TOD is generated within the TOD influence zone – the area people are willing to walk to transit stations (500-800 meters). Magnovate networks can increase the TOD influence zone 10 fold by enabling local area networks.
By enabling communities that support higher populations and offer more amenities, TOD’s serviced by Magnovate networks will generate more ridership revenue because TOD residents tend to be the most ardent users of mass transit.
Magnovate networks can extend the commuting radius of a city by 100 miles, enabling the creation of affordable medium density ‘solar satellite communities’ which offer the benefits of living in the countryside while providing easy access to jobs in the city.
7 ways Magnovate improves value creation and value capture from TOD
More ridership revenue
Larger TOD Influence Zones
More affordable housing options
More affordable housing
Cities are responsible for 75 percent of global CO2 emissions, with transport and buildings being among the largest contributors. Transit oriented development offers a robust solution to climate change and global energy security by creating dense, walkable communities that greatly reduce the need for driving and energy consumption.