Transit-oriented Development Implementation Program
These compact mixed-use, mixed-income developments:
1. concentrate retail, housing and jobs in urban environments scaled for pedestrians
2. increase use of non-auto transportation choices such as taking transit, riding bikes and walking
3. decrease regional congestion and air pollution
Not just how the region gets composed, it's who the region get's composed of. (I.E. "mixed income")
The primary use of program funds is site acquisition.
Property is acquired, planned and reparceled. It is then sold with conditions to private developers for constructing transit-oriented development and/or dedicated to local governments for streets, plazas, and other public facilities where appropriate. In many cases the land value is written down to cover the extraordinary development costs required to construct a specific TOD project. In such cases, a “highest and best transit use” appraisal is used to establish the sale price.
So your tax dollars are used by government to by property so they can resell it to private owners with conditions. Many times the value of the property is "written down" to reduce the price.
NOTE: If you did that with your house to avoid paying propety taxes you would be in jail.
This is so far outside governments purview that it's hard to even comprehend. Yet every day our lives are influenced by these jokers who think that they know better how we should live, work and play.