The Transbay Project is a national model for transit-oriented development. It will bring 11 different transportation systems under a single roof, and create a pedestrian and bike friendly community where residents and workers have convenient access to rapid and safe public transit, shopping, open space, and other neighborhood amenities. These features will allow residents to live closer to work, reducing commute times and increasing productivity.
The project will create an estimated 125,000 jobs, and more than $87 billion in Gross Regional Product will be generated through 2030. In addition, estimates are the project will result in at least $829 million in benefits to transit and highway users from avoided accidents and reduced emissions of non-greenhouse gases, as well as saved travel time and avoided vehicle operation and maintenance costs.
By building the new Transbay Transit Center, property values within a ¼ mile radius of the Transit Center are projected to increase an estimated 10% or more. This translates to an estimated $3.7 billion increase in existing property values.