SB Friedman played a key role in creating a TOD plan along a proposed 26-mile bus rapid transit line that would connect the communities of Charleston, North Charleston and Summerville. We conducted forecasts of future development, developed an equitable growth strategy, quantified the transformational potential of transit, and explored feasible value capture strategies.
Working as part of a consulting team, SB Friedman provided multiple core services to inform the final TOD plan:
- Prepared a market assessment that projected residential, industrial, office, retail and hotel development in the region and the BRT study area in 2040.
- Analyzed the impact BRT had on comparable communities, both in terms of shifting development patterns and changes in population and employment.
- Assisted in identifying opportunity sites and segmented the demand projections into seven subareas for more granular station area planning.
- Analyzed the affordable housing inventory in the study area, including legally restricted and naturally occurring affordable housing.
- Identified the current affordable housing gap in the region and designed an affordability model to project unmet demand for affordable housing in 2040.
- Conducted outreach to jurisdictions, non-profit organizations and community groups, and designed engagement platforms to maintain virtual contact.
- Prepared a value capture toolkit, including joint development, to inform municipalities of the tools available to leverage the BRT investment and incentivize higher density.
- Currently developing policy recommendations that encourage affordability and prevent displacement following BRT implementation.
Results: SB Friedman has completed the market projections, value capture strategy, affordable housing assessments and housing policy recommendations. The BCDCOG is currently preparing a New Starts application, which includes components of the TOD plan, to submit to the FTA this fall to secure funding for the LCRT.