What is a TDD?
This isn’t just a boundary…
TDD = Transit Development District
Goal = to promote Transit-Oriented Development
… the objective is to create a boundary calibrated specifically for each community based on analysis, areas of opportunity and the goals and visions of the community.
About Transit Development Districts (TDD)
It is defined by a contiguous boundary drawn around a station area
It must be no more than 0.5 square miles (320 Acres) in area.
They provide economic tools and strategies to support local communities to implement high-quality transit-oriented development.
They capture the incremental growth in local income and property tax revenue, for use in public investment related to the station area.
After consultation with local communities, two public hearings must be held before the RDA approves the TDD boundaries for review and approval by the State Budget Committee.
Revenue Parameters
Revenue collected from the district is spent in the district.
Local community retains land use and zoning control.
What it is and what it isn’t.
A special economic development district
Approved by the State Budget Committee
An effort to realize economic development in Northwest Indiana communities
Formed by a process that includes development analysis, community-wide input, best practices and market analysis
Zoning or Comprehensive Planning
A city or town-sponsored planning process
Eminent Domain
A partnership with developer or realtor
A project designed to gentrify or to create low-income housing
NICTD South Shore Double Track or West Lake rail projects
How does the TDD affect properties within the boundary?
Adaptive Reuse: the renovation and reuse of pre-existing structures for new purposes.
Preserve: sustain the existing form and/or integrity of a property which is important to the community.
Strengthen: identify key community assets and build upon them to provide a healthier and more robust context.
Infill: areas that have existing buildings or homes that just need new buildings built in the spaces in-between.
Redevelop: areas where the existing buildings are not the highest use for the area. Buildings would be torn down and new buildings put in their place.