development toward more transit -oriented form, as well as update priority streets and establish <br />new parks and open space. The City created a new mixed-use zone that permitted the <br />development of mid -rise buildings. Bonuses for affordable housing projects (building heights <br />and reduced parking) were in place to further promote mixed -used districts. <br />To reduce the number of surface parking lots, the City incentivized underground and wrapped <br />parking decks. The City reduced parking requirements in order to encourage the <br />redevelopment of surface lots as new infill sites, such as for smaller -scale housing projects. The <br />final project plan also included recommendations to explore tax increment finance districts and <br />a technology zone to promote job creation. <br />Successes in TOD implementation <br />While the system has been operating for less than a year and little data has been collected on <br />results since, initial assessment studies expected property values along the Corridor to increase <br />by 12 percent, or $1.1 billion in 20 years .54 Under BRT-induced development and the region's <br />long-term TOD vision, the Corridor's tax base is projected to increase to $900,000 by 2040 (in <br />2016 dollars), versus $370,000 projected under the No Build Alternative. Several business <br />communities in Henrico County have been identified to benefit from Pulse BRT. Willow Lawn <br />Shopping District, Dabney Road Industrial Park, and Rocketts Landing, for example, are <br />anticipating further proliferation of local businesses along with employment opportunities .55 <br />Implications for Eugene <br />The case studies show that coordinating land use and public investment actions is important. <br />The areas with the greatest public investments seem to have had the greatest impact on <br />stimulating development. Those developments may be concentrated in particular locations <br />where there is a combination of growth potential and heavier public investment, rather than <br />distributed along the length of the BRT line. <br />s4 Regional Transit Alliance. 2017. "RTA Leadership Briefing and Tour to Richmond, VA". Retrieved from <br />http://Ietsgetmoving.org/cros/wp-content/uploads/2017/12/final-Tues-ppt-RTA-Tour-No2817.pdf <br />ss HenricoNow. April 2017. "GRTC Pulse Will Connect Vibrant Henrico Business Communities". Retrieved from <br />http: //news.henrico. com/work/grtc-pulse-will-connect-vibrant-henrico-business-communities <br />ECONorthwest 48 <br />221 <br />