Smart Growth / TOD / High Density developments do not appear to be having the impact predicted. In many instances, these developments appear to have harmed property owners and failed to achieve the glorious predictions made about their economic viability and long-term sustainability. The high vacancy rates in southeast Arvada’s urban renewal district, as well as the City of Portland’s struggles with high TOD commercial vacancy rates, are fine examples. Randall O’Toole, a CATO transit fellow, has a great book that lays out the larger battles over zoning and PUDs when TOD remains a key aspiration for policymakers.
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