Transit Oriented Development (TOD) is a growing trend in urban redevelopment that integrates some form of mass transit into a project based on its location, design, amenities and market appeal. We asked one of our Development Advisory Council members, Paul Ciminelli, President and CEO of Ciminelli Real Estate, to discuss the growing national trend of TOD and how his company has implemented this into its latest project.
The Buffalo Niagara region is unique. Our geography, our population and our economic make-up are not exactly alike to any other metropolitan area. However, despite differences, we must do our best to learn from other metros as we collectively work to build a better economy and community. But it is critical that we choose the right places to look; places that are most similar to Buffalo Niagara, face familiar economic challenges and have like capacity and resources to address those challenges.
As talk of extending Buffalo’s Metro Rail beyond its current footprint is becoming a more serious conversation, there is a growing sense that Transit Orientated Development (TOD) must be a part of Buffalo Niagara’s economic development future.
More than 1,800 permanent new jobs have been produced and greater than 4 million square feet of vacant derelict properties in the City of Buffalo has been redeveloped and revitalized as a result of the Erie County Industrial Development Agency’s (ECIDA) Adaptive Reuse program. Simply put, this program is one of the most impactful and efficient economic development tools available to employers in Western New York.
As part of our Government Affairs programming, we kicked-off our first of two Capital Conversation events for 2017 with a look at New York’s prevailing wage mandate and its impact on taxpayers and economic development. E.J. McMahon, founder and research director of the Empire Center came to Buffalo to detail his new report: Prevailing Waste: New York’s Costly Public Works Pay Mandate. Our event coincides with an effort underway in Albany to expand the prevailing wage mandate by attaching it some private projects.
The Buffalo Niagara region is at a crucial juncture in its revitalization and efforts to halt a 50-year population decline. The time is now to move forward as one and work together to achieve the prosperous and vibrant metropolitan area we all know is possible. The Buffalo Niagara Partnership, along with the Erie County Industrial Development Agency, brought in a team of leading national economic development experts to provide guidance on how to best maintain and capitalize on our current momentum.
Congratulations to Mayor Byron Brown, the Buffalo Common Council, the Mayor’s Office of Strategic Planning and the entire City of Buffalo for this week’s official signing of the Green Code, Buffalo’s first comprehensive rewrite of its zoning ordinance in more than 60 years. The code represents a landmark step forward in the development and revitalization of the City, its buildings, streets and public spaces. It has been produced through a comprehensive public input process over the course of more than six years and has involved thousands of residents, businesses and key stakeholders throughout the City. The result is the establishment of a new form-based development code, the likes of which has only been established, city-wide, in two other US metros: Denver and Miami. This framework will regulate new growth focused upon achieving sustainable, mixed-use communities and appropriate neighborhood design through a more predictable development process.
The collective momentum that is being felt throughout Buffalo Niagara is undeniable. The region is seeing new companies move into the area, village and urban centers revitalizing and historic buildings come back to life as places where people live, work and play.
Updated December 20th, 2017.