Joint development involves a partnership between a public entity and a private developer
to develop certain assets. In some cases, the public agency, a state DOT or regional
transit agency, for instance, may own the asset and solicit the involvement of a
private sector partner in its development. In other instances, a private enterprise
in possession of an asset-a parcel of land, for example-may seek to partner with
a public agency to improve the asset through transportation infrastructure or services.
Joint development has been practiced most often by transit agencies that may be
able to attract private developers to adjacent land and properties and stations
because of their advantageous access. A private investor enters the joint development
to enhance the property in partnership with the transit agency. Joint development
can lead to increased revenue, ridership, or both.
Other joint development agreements have been used to develop highway corridors and
Development Agreement Legislation
Case Study: Airport MAX - Portland, OR (PDF
Study - FHWA Office of Planning, Environment and Realty
Joint Development Approval Process - FTA