The Times Herald (Norristown, PA) - - BUSI­NESS -

ments also re­duce the reliance on ve­hi­cles, which in turn re­duces the amount of traf­fic con­ges­tion and im­proves air qual­ity.

SEPTA’s Gen­eral Man­ager, Jeffrey Knuep­pel was one of Trans­porta­tion Man­age­ment As­so­ci­a­tion of Ch­ester County’s fea­tured speak­ers at the break­fast. He high­lighted the up­com­ing im­prove­ments to the sta­tions along the Key­stone Cor­ri­dor and how much these im­prove­ments ben­e­fit the area.

“A lot of home value in the four sub­ur­ban coun­ties is locked up based on how close they are to SEPTA,” he said, adding that a SEPTA con­sul­tant re­cently looked at home sales across the re­gion.

“On av­er­age, sub­ur­ban res­i­den­tial prop­erty val­ues are 7.4 per­cent higher, to­tal­ing $14.5 bil­lion in added home value, when they are lo­cated near a SEPTA Re­gional Rail Sta­tion,” he said.

Knuep­pel also shared in­for­ma­tion about the in­creased rid­er­ship at Ch­ester County’s 10 rail sta­tions since 2009. Among the sta­tions with the big­gest in­creases: Ber­wyn, up 34 per­cent; Ex­ton, up 36 per­cent; and Malvern, up 66 per­cent.

He also talked about up­grades to the Paoli Train Sta­tion, which is slated to get a trans­porta­tion cen­ter and park­ing garage.

An ex­am­ple of a Tran­sit Ori­ented De­vel­op­ment is the new River Sta­tion De­vel­op­ment in Down­ing­town, be­ing de­signed by the Hankin Group, ac­cord­ing to the re­lease.

“Around this area, we have the rail sta­tion, the fu­ture ex­ten­sion of the Ch­ester Val­ley Trail, the Stru­ble Trail, bus ac­cess and it’s all in a re­ally great school district,” Neal Fisher, project man­ager for Hankin Groups’ River Sta­tion De­vel­op­ment said in the re­lease. “This lo­ca­tion was ripe for a great mul­ti­modal de­vel­op­ment.”

Hankin Group spent more than two years as­sem­bling 21 dif­fer­ent parcels that com­prise the es­ti­mated 70-acre tract of land lo­cated at the in­ter­sec­tion of Boot Road and Penn­syl­va­nia Route 322 in Down­ing­town Bor­ough and East Caln Town­ship.

Steve Panko, Pen­nDOT District-6 rail plan­ning man­ager said projects like the one in Down­ing­town are made pos­si­ble through in­te­gra­tion and col­lab­o­ra­tion.

“Cre­at­ing some­thing new like a tran­sit-ori­ented de­vel­op­ment works best when the pub­lic (Pen­nDOT) and pri­vate sec­tor in­te­grate on what would oth­er­wise be a stand­alone project,” he said in the re­lease. “On the Down­ing­town project, Pen­nDOT has been a part of the plan­ning process for the project from the be­gin­ning. It’s made it an eas­ier process to work through ap­provals and se­lect­ing the site. Con­tin­u­ing our col­lab­o­ra­tion is go­ing to make it a bet­ter-con­nected de­vel­op­ment.”

For more in­for­ma­tion about Trans­porta­tion Man­age­ment As­so­ci­a­tion of Ch­ester County visit www. tmacc.org. To learn more about the in­vest­ments be­ing made along the Key­stone Cor­ri­dor in Ch­ester County, visit www.plan­thekey­stone.com. Email busi­ness story ideas to busi­ness ed­i­tor/ writer drovins@21stcen­tu­ry­media.com.


Neal Fisher, vice pres­i­dent of de­vel­op­ment at Hankin Group, speaks Thurs­day at the Trans­porta­tion Man­age­ment As­so­ci­a­tion of Ch­ester County spring break­fast.

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