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.
Over the past few years, the Partnership has led the private sector’s involvement in the development and implementation of One Region Forward, Buffalo Niagara’s regional sustainability plan. Transportation is one of the give major components (or “big ideas”) of One Region Forward.
The plan complied and analyzed data related to transportation patterns in our region and many of the results are startling, if not alarming. According to data from One Region Forward, we spend more time commuting than ever before. Compared to 1970, we drive twice as much, with more people driving alone.
The Niagara Frontier Transportation Authority (NFTA) is evaluating the potential expansion of its metro-rail service; a 6.4-mile light rail line that runs from downtown Buffalo to the University at Buffalo’s South Campus.
Since before its original debut some 30 years ago, Western New York residents have been talking about extending the line four additional miles to the University’s larger North Campus.
The Niagara Frontier Transportation Authority (NFTA) is currently in the process of assessing transit options at both ends of the Metro Rail. The system has served Buffalo along its 6.4 mile route since its completion in the mid-1980s. This line has remained relatively unchanged for 30 years.
However, the economic and transportation needs of the city and region have evolved in recent years. Growth and development in the Canalside and Cobblestone districts have brought many more people to the southern end of Metro Rail, and with additional development planned, the popularity of these areas will likely continue to increase.
The Riverbend development, at the former Republic Steel site in South Buffalo, is a transformative project for Buffalo and Western New York.
SolarCity has committed to investing $5 billion over the next decade on a solar panel manufacturing facility expected to generate 3,000 jobs. New York State has also committed $750 million to the project.
The Partnership had several wins as part of the state budget process.
The New York State Budget is mostly on time this year (officially missing the midnight deadline by just a few hours).
There are several reasons why Buffalo Niagara is in the midst of an economic resurgence. A foundational pillar to our long-term economic prosperity lies across the river — Canada.
In 2011, Visit Buffalo Niagara researched the impact of Canadian shoppers on the WNY economy and found nearly 1 billion dollars in spending in shopping and related expenditures! That’s the equivalent a new Buffalo Billion every year.