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Chapter 4 ~tatemer~t o~ ~verrld~n Cons~afera~~ons <br /> hausi~~g, ta~~n~~oes and ~a~~~ hauses in fu~theranee of the pra~T~sians of the ~aus~ng leent and <br /> t~~e T~•ans~t ~a~~~n fade. <br /> 't'he Transit honing bode pro~Tide fo~• ~ plan~~in and z~~~ing frarr~e~~~ox• to alla~T for the <br /> rede~re~opt~ent of the Aenc~T-a~~nec~ prapeities, thereby= elitr~natin b~i~ht and pro~~iding for ner~ <br /> propet~t~r tax ger~e~•atian, The 1~enc~-pt~aperties a~'e, far the mast past, ~Taeant hand ~n the <br /> o~~r~xe~ship of a pub~.c agct~c~~ arid, as suc~~, do txat cu~•~•eilt~~r ene~•ate p~~ape~t~r tai ~~e~~e~~ue. T~~e <br /> Proposed ~~~11 allo~~~ for the rede~Telopm.ent of these p~Fapeides and the~~• ~Fet~~z•~ to eco~xon~ic use, <br /> 'I'he adop~an of the Tians~t ~an~n fade also alio~~Ts for the future de~Teioprnent of other ~racant <br /> and underut~~ed p€aperties eu~rentl~~ in pri~~ate a~ public a~~rnership ~n ather parts of the pra~ect <br /> a.~•ea. ~~~e suc~~ e~aple ~s t~~~ cu~i~~e~~t OUilt~r of grange ~pe~atfar~s Ward. The ~perat~at~s ~'a~~d <br /> cozx~~~~~~ses a~~~ro~in.~ate~~7 ,5 ac~•es of u~de~iud.~~~ed laid as t~~e ~aunt~r of ~~•ane cant~~~ucs to <br /> consolidate their fleet and ~~~a~~~tenance ope~a~ons ire othe~• facilities. ~~.do~~io~~ of t~~e Tratasit <br /> Ta~~in fade ~~~~a~rides fa~~ tic ~a~~ing f~•atx~c~~Tork at~d e~~~r~~ol]tr~ei~tal af~a~~Tsis ~ecessa~~z to a~la~~~ <br /> these p~~operties to tiansitian i~~to ~r~are ccoo~~ieal~~z p~•oduc~~Te uses and to patc~~t~a.l~~r e~~e~•ate <br /> Ile~~~ propert~~ and saes tai re~Tenues.llrlan~~ areas ~~~.thii7 the T~iansit ~a~~i~ ~odc s~~ffc~~ f~•o~~. a <br /> lacy of t71adern inf~a.sti~~ctu~e and are In ~~eed of ne~~~ st~ieet and side~~Talk in~pro~Te~nents. The <br /> additional tai re~Ten~~es generated b}~ ne~v de~~elopment ~~~ithin the Transit honing bode area. ~~~ill <br /> allo~v for rein~Te5tn7ent 1n p~~bl~c ~nfrast~~rcture and ne~'~T ~n~~estent that r~rill st~€nt~late the econom~r <br /> of thus area. <br /> gyn. The 7~rapased l~ra~ect furthers the l~ra~ect Ob~ect~~re set faith above, inearpoiated ~n f~~~ b~= this <br /> reference <br /> <br /> 4-$ Transit ~anin~ Code ~4~ EIR Findings of Fact/statement of overriding Considerations <br /> <br />