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April 22, 2008

Transit Oriented Development

On this Earth Day, I'm reminded of the push for highly dense, urban centers by incorporating transit oriented development (TODs). The idea is to build residential and commercial development along a railway or transit station. Through public subsidies and tax breaks, TODs typically require government manipulation of the market to attract the new community. Some also result in high vacancy rates and empty businesses because of the unnatural market.

Here is Thailand's version of a TOD:

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