Public transportation options will change the way future community redevelopment is viewed.
The City of Oklahoma City is in the process of developing Bus Rapid Transit (BRT) routes. The first BRT route in OKC is being built with a federal grant, will be approximately 8 miles in length, have about 16 BRT Stations, and run from the downtown transit center, up Classen Blvd, terminating at NW Expressway & Meridian. One of many key observations about BRT Stations is that 75% of the users of a BRT system typically live within ¼ mile of a BRT Station. Typically BRT Stations serve as hubs for the redevelopment of walkable micro-communities where people live, work, and play.
One of the focuses of the 2019 Commercial Real Estate Summit was to provide information about current best practices of typical BRT systems and associated Transit Oriented Developments (TOD) that evolve around a BRT Station. As community and industry leaders, we are providing several documents relating to the 2019 CRE Summit’s sessions on BRT-TOD:Needs Assessment Document Transit Oriented Development 101 Transit Oriented Development 202 TOD-BRT letter Project Overview
The BRT-TOD sessions of the 2019 CRE Summit were presented by Chris Zimmerman, SmartGrowth America’s Vice President for Economic Development, and Director of the Governors’ Institute on Community Design. The BRT-TOD sessions were made possible, in part, from a Smart Growth Grant from the National Association of REALTORS®. Scholarships were made available to students, city officials, and neighborhood association leaders to attend.
The Commercial Real Estate SummitTM is a joint production of the Central Oklahoma Commercial Association of REALTORS® and the University of Central Oklahoma Real Estate Program.
For more information, contact Jessica Dietrich (JDietrich@okrealtors.com) Commercial Services Director for the Central Oklahoma Commercial Association of REALTORS® and the Oklahoma Association of REALTORS®.