Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

From TOD to TAC: Why and How Transport Policy Needs to Shift to Regenerating Main Road Corridors with New Transit Systems.

Version 1 : Received: 7 June 2021 / Approved: 8 June 2021 / Online: 8 June 2021 (10:34:35 CEST)

A peer-reviewed article of this Preprint also exists.

Newman, P.; Davies-Slate, S.; Conley, D.; Hargroves, K.; Mouritz, M. From TOD to TAC: Why and How Transport and Urban Policy Needs to Shift to Regenerating Main Road Corridors with New Transit Systems. Urban Sci. 2021, 5, 52. Newman, P.; Davies-Slate, S.; Conley, D.; Hargroves, K.; Mouritz, M. From TOD to TAC: Why and How Transport and Urban Policy Needs to Shift to Regenerating Main Road Corridors with New Transit Systems. Urban Sci. 2021, 5, 52.

Journal reference: Urban Sci. 2021, 5, 52
DOI: 10.3390/urbansci5030052

Abstract

The need for Transit Oriented Development (TOD) around railway stations has been well accepted and continues to be needed in cities looking to regenerate both transit and urban development. Large parts of suburban areas remain without quality transit down Main Roads which are usually filled with traffic resulting in reduced urban value. The need to regenerate both the mobility and land development along such roads will likely be the next big agenda in transport policy. This paper learns from century-old experiences in public-private approaches to railway systems from around the world, along with new insights from entrepreneurship theory and urban planning to create the notion of a ‘Transit Activated Corridor’ (TAC). TAC’s prioritise fast transit and a string of station precincts along urban Main Roads. TOD’s were primarily a government role, whereas TAC’s will be primarily a private sector, entrepreneurship role. The core policy processes for a TAC are outlined with some early case studies. Five design principles for delivering a TAC are presented in this paper, three principles from entrepreneurship theory and two from urban planning. The potential for Trackless Trams to enable TAC’s is used to illustrate how these design processes can be an effective approach for designing, financing and delivering a ‘Transit Activated Corridor’.

Keywords

transit; entrepreneurship; rail; Effectuation; Entrepreneur Rail Model; finance; PPP; Transit-Activated Corridor; corridor transit; urban planning.

Subject

SOCIAL SCIENCES, Accounting

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