Matthew Lituchy, Chief Investment Officer of a major Bay Area development company, was recently asked how he felt about placing large commercial and residential projects adjacent to transit. Here are excerpts from his response as printed in the San Jose Mercury on July 7, 2019: “Traditional methods of commuting have gotten over-stressed. Our freeways are impossibly clogged with traffic. Commute durations are at all-time highs. People are looking to commute by alternative methods. Trains, light rail, Caltrain, bus, BART are the alternatives. Being in a place where you can easily move around the Bay Area, and both live and work close to these modes of transportation is important”.
Mr. Lituchy’s concerns are shared by millions of other Bay Area residents.
On May 30, 2019, at the Alameda County Transportation Commission retreat, a new plan to raise up to $100 billion to address the Bay Area’s ever worsening transportation condition was unveiled. The Plan, which has apparently been under discussion in private circles for some time, was presented and explained by Bay Council CEO John Grubb; Council Senior VP, Linda Lynn Litvak; Silicon Valley Leadership Group (SVLG) VP Jason Baker, and former Transform Executive Director Stuart Cohen.
Since the Plan is still in its earliest stages, the presentation was limited mostly to a description of the Region’s existing transportation problems and the Plan’s strategic, outreach and funding goals and objectives. As Mr. Baker of the SVLG put it, “…..we think the time is ripe to work for a world class, more integrated transit system that is faster, more reliable, more affordable and more equitable for the Bay Area”. Continue reading