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I I <br /> I ! <br /> I <br /> I s I 6 ,1 <br /> 0 <br /> kitcesd <br /> • +0 1 <br /> % I !( [111111111111I'lii <br /> Uptown Project, Oakland <br /> Photo Reconnecting America <br /> CASE STUDY LESSONS LEARNED <br /> The case studies provide interesting examples and precedents for MTC to consider in the <br /> creation of a direct investment program for TOD and infill. The following lessons can be <br /> gathered from the case studies. <br /> Portland METRO and the Met Council in the Twin Cities both have successful and <br /> popular model programs that address TOD and infill funding needs in different ways. Both <br /> incorporate involvement from a broad base of stakeholders coupled with professional <br /> expertise in evaluation of grant proposals. <br /> )1- NCTCOG has a program that has been less successful in achieving results related to <br /> development projects, but is more narrowly focused on landbanking. <br /> In Portland, the direct investment programs is used to accelerate the market for TOD <br /> and infill development in areas that are not yet seeing market interest. However, the <br /> retail market in some areas has lagged behind the residential market so there has been <br /> a need to subsidize some neighborhood serving commercial space in the short term. <br /> The Met Council program demonstrates that writing down the cost of infrastructure <br /> and land assembly in dense, mixed-use development can improve the feasibility of <br /> projects. <br /> 20 FINANCING TRANSIT ()RIF N'ED DERELOPPIENT IN THE SAN FRANCISCO BAY AREA <br />