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Smart Growth America: Smart Growth Stories: Emerick Corsi on driving growth with transit

Many people recognize Forest City Enterprises as one of the biggest real estate companies in the nation, with a multi-billion dollar portfolio that spans coast to coast and a spot on the New York Stock Exchange.

What’s less well known is that Forest City also happens to be one of the biggest advocates of walkable neighborhoods with transportation choices. Real Estate Services President Emerick Corsi is a firm believer in the power of transit to drive economic growth in surrounding areas, and the company is actively pursuing this kind of development. As a member of LOCUS, Forest City understands the impact of transit-oriented development on local economic growth and job creation.


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News & Notes


Budapest

Károly körút in Budapest, photo from Origo fotó

Fixing a Boulevard [Railzone]

The street is called Károly körút, which is a ring road around the historic centre of Pest, exactly where a former city wall used to stand. It is a major artery for road traffic, including still too many through trips (i.e. trips neither originating nor ending in the city centre itself). It is also a tram route, which was almost discarded following a new subway line construction, but now, partly due to the reconstruction project itself, the future of the line seems certain and an extension to North is planned.

Be sure to click through from the link to the before & after photos.


House Approves Extensions for the Federal Surface Transportation and Aviation Programs [America 2050]

Transportation advocates were gearing up for a big push to ensure that the federal surface transportation program did not expire at the end of the month, but in a remarkable show of common cause and swift action on Tuesday, the House unanimously approved a six-month extension of SAFETEA-LU, as well as a four-month extension of the authorizing legislation for the Federal Aviation Administration (FAA). The Senate still has to pass this bill before it’s final, but Harry Reid has promised to move it through quickly, leaving transportation advocates breathing a little easier.


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