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  4. CRER Vol. 02 (2003)
  5. Case Study: Blue Heaven Science and Technology Campus

Case Study: Blue Heaven Science and Technology Campus

File(s)
2_Olson_2003_Blue_Heaven.pdf (35.77 KB)
Permanent Link(s)
https://hdl.handle.net/1813/70588
Collections
CRER Vol. 02 (2003)
Author
Olsen, C. Bradley
Kim, Byung Gweon
Kwon, Chul Hwan
Lin, Chun-ju (Vivian)
So, Philip Hei Tung
Abstract

[Excerpt] A regional light rail authority (“Authority”) in a large metropolitan area is involved in major extension of its services and is facing a funding shortage. The Authority has elected to raise additional funds from the sale or joint development of properties immediately adjacent to proposed light rail stations. One site under consideration is a 9.2-acre site adjacent to the Blue Heaven Station on its B-Line. The Authority issued a Request for Proposals (RFP) for development of the site by private developers, to include multi-modal transit facilities, 1,000 parking spaces for transit riders and appropriate related uses. In the RFP, the Authority suggested a price for the site of $8 million and indicated a willingness to consider other proposals such as joint development.

Journal / Series
Cornell Real Estate Review
Volume & Issue
Vol. 2
Date Issued
2003-06-01
Keywords
Cornell
•
case study
•
light rail
•
commercial real estate
•
science hub
•
development
Rights
Required Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
Type
article

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