Transit nearby pays at the pump
High gas prices boost transit-oriented housing developments
By John Handley | Special to the Chicago Tribune
September 5, 2008
Manhattan still is waiting for housing near mass transit.
That's Manhattan, Ill., not Manhattan, N.Y.
The far southwest suburb, 40 miles from Chicago at the end of Metra's Southwest Line, is hoping for a transit-friendly project. "We've designated land near the station for high-density condos, " said Mayor Bill Borgo.
But, in much of the Chicago area, transit-oriented developments already are steaming forward as one solution to surging gas prices.
One office worker is happy his car is collecting dust in his Des Plaines garage. Lauren Centioli takes the Metra Northwest Line to his accounting job at Boeing's downtown Chicago headquarters.
"When I was looking for a condo, it had to be on a train line," said Centioli, who bought at Waterford Condominiums, a mid-rise development at 799 Graceland Ave. in Des Plaines, a year ago.
"At that time, my No. 1 priority was convenience. Now, with higher gas prices, the financial impact of where I live would count for 50 percent of my decision," he said.
Because of his location near the train, he estimates he drives only about 1,000 miles a year.
America's love affair with the car may be slowing down as sticker shock at the gas pumps is forcing many to reconsider the cost of driving to work.
Housing built close to transit—known as transit-oriented development—is nothing new, but $4-a-gallon gas has jump-started renewed interest in these fuel-saving projects.
"People are finding TOD [transit-oriented developments] more attractive now. It's been only in the last several months that higher gas prices have started to cause behavioral changes," said Mandy Burrell Booth, spokesperson for the Metropolitan Planning Council.
"I got rid of my car last year," said Booth, who lives in Chicago.
"TOD is the new buzz word. Every housing unit near an "L" stop or train station is now more desirable. The gas crunch is causing more people to think about locating near transit," said real estate analyst Steve Hovany, president of Strategy Planning Associates in Schaumburg.
He said the new condos being built near train stations in suburban downtowns—like Des Plaines, Arlington Heights, Palatine and elsewhere—are attracting both empty-nesters and young people who are concerned with the rising price of car ownership.
In 2004, the Northeastern Illinois Planning Commission stated in a report: "TOD creates mixed-use, high-density communities that encourage people to live near transit and decrease their dependence on driving."
Finally, TOD's time may have come.
"This is a tremendous opportunity for TOD. It's an opportunity for people to re-evaluate where they live," said Robert Dunphy, senior resident fellow for transportation and infrastructure at the Urban Land Institute in Washington, D.C.
Several northwest suburbs have been cheerleaders for TOD for years.
"The biggest spur to high-density housing in downtown suburbs has been TIF (tax increment financing) districts established by such communities as Des Plaines, Arlington Heights and Palatine," said Ray Franczak, president of R. Franczak & Associates.
Franczak said the purpose of TIF districts is to revitalize aging downtowns. His firm built the Waterford Condominiums where Centioli lives. The three-building complex on the site of the former Des Plaines library offers units ranging from 1,405 to 1,731 square feet and base-priced from $295,900 to $359,900.
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