LG Development Group

Many developers haven't yet investigated how last year's transit oriented development ordinance, passed to encourage development near transit, can make their work easier and possibly more lucrative. Under the TOD ordinance, developers can build bonus density — more floors, taller buildings, smaller units – and fewer parking spaces on sites near Chicago Transit Authority and Metra train stations. To accelerate this transformation, the Metropolitan Planning Council has unveiled a new tool to spread awareness about the TOD ordinance's possibilities.