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Transit-Oriented Development Policy <br /> Adopted June 9, 2016 I Amended April 23, 2020 <br /> 4. Develop a procedure that will allow BART to respond to unsolicited proposals for property development on <br /> BART-owned land. Although BART does not encourage unsolicited proposals, they can be a valuable means <br /> for BART to partner with local communities and/or the development community to produce innovative or <br /> unique developments that deliver benefits in excess of what is typically provided by the market. <br /> 5. Revisit the Transit-Oriented Development Policy every 10 years. <br /> B. Support Transit-Oriented Districts <br /> 1. Proactively support local jurisdictions in creating station area plans and land use policies that: a) encourage <br /> transit-supportive, mixed-use development on and around station properties, b) enhance the value of BART <br /> land,and c)enhance the performance of the BART system as a whole. <br /> 2. Form partnerships with public agencies, developers and landowners, community development organizations, <br /> finance entities,and consider strategic land acquisition to help build TOD both on and off BART property. <br /> 3. For BART system expansion, ensure that transit-oriented development and value capture opportunities are <br /> explicitly accounted for in major investments such as the location of new station sites, design and construction <br /> of station facilities,and acquisition of new properties. <br /> C. Increase Sustainable Transportation Choices using Best Practices in Land Use and Urban Design <br /> 1. Utilize BART's TOD Guidelines to ensure future development and investments seamlessly connect BART <br /> stations with surrounding communities. <br /> 2. Ensure that combined TOD/parking/access improvements on and around each BART station encourage net new <br /> BART ridership,utilizing corridor-level,shared,and off-site approaches to parking replacement as appropriate. <br /> Following the aspirational Station Access Policy place types, use the following guidelines to replace current <br /> BART parking as follows when developing BART property with TOD: strive for no or limited parking <br /> replacement at "Urban with Parking" Stations; and use the access model to maximize revenue to BART from <br /> development and ridership when determining a parking replacement strategy at all station types. <br /> 3. Utilize strategies including mixed-use development, transportation demand management, and pedestrian- <br /> friendly urban design to encourage reverse-commute, off-peak, and non-work trips on BART and other modes <br /> of non-auto transportation,thereby reducing greenhouse gas emissions. <br /> D. Enhance Benefits of TOD through Investment in the Program <br /> 1. Evaluate the financial performance of proposed projects based on sound financial parameters and the ability to <br /> generate transit ridership. fare revenue, lease payments, parking revenues, grant resources, other financial <br /> participation, and/or cost savings. Consider the opportunity cost to the District of delaying or accelerating <br /> development opportunities. <br /> 2. Use a variety of financing and governance mechanisms, including joint powers authorities,assessment districts, <br /> improvement districts,and lease credits to achieve station area TOD objectives. <br /> 3. As appropriate,and in consideration of District-wide financial needs, reinvest revenues from the sale and lease <br /> of BART land into the TOD Program, informed by the priorities identified in the 4-Year Work Plan. <br /> Page 9 of 21 <br />