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Transit-OrientedDevelopmentPolicy <br />Adopted June 9, 2016 | 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 />Docusign Envelope ID: 094A4C1A-13D7-44EA-BE42-B0F1E0142890Docusign Envelope ID: 663B3163-E73A-4E80-A759-F92FA9FC8D9D