Metro needs more development at rail stations

John Mataya Transit Oriented Development Leave a Comment

“Creating more transit-oriented development at Metrorail stations is a key strategy for resolving Metro’s funding gaps,” this according to Shyam Kannan, WMATA’s planning chief. Speaking to the Transit Oriented Development Institute Conference convening this week in DC, Mr. Kannan explained that more development around the region’s stations will support Metro with increased ridership and revenue. In recent years Metro has had to ask local and state governments to contribute more due to regular revenue shortfalls, but according to Mr. Kannan, there is an opportunity to address revenue challenges by thinking more about better use of Metro’s real estate adjacent to stations.