A new report out by the Capitol Region Council of Governments (CRCOG) identifies various opportunities for towns to capitalize on the CTfastrak and rail line investments being made in their communities. The study, Making it Happen: Opportunities and Strategies for Transit-Oriented Development in the Knowledge Corridor, looks at the potential for economic development throughout the Hartford-Springfield knowledge corridor as a result of the bus rapid transit and rail investments being made.
The study analyzed 18 station areas along the CTfastrak, New Haven-Hartford-Springfield Rail and Vermonter rail lines.
The report produced six key findings that all point to the great community and economic development potential that exists for the Connecticut if the right steps are taken.
- Demographics are promising for transit-oriented development in the corridor
- Corridor-center growth is needed
- Transit-oriented development supportive businesses and industries are growing
- Transit-oriented development needs more than transit
- Realizing the potential for transit-oriented development in the region will require proactive efforts
- Active leadership is crucial for success
This report was commissioned by the Capitol Regional Council of Governments on behalf of the Sustainable Knowledge Corridor Consortium, and was funded by a US Department of Housing and Urban Development Sustainable Communities Regional Planning Grant.
Click here to access the full study.