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Transportation Funding & Financing

Joint Development

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 parking projects.

Resources

Development Agreement Legislation

Case Study: Airport MAX - Portland, OR (PDF 76 KB)
Joint Development Study - FHWA Office of Planning, Environment and Realty
Joint Development Approval Process - FTA