Transit-oriented Development (TOD) requires effective coordination between transport and land use development, which is often separately led by transit companies and real estate developers. This study examines key barriers for integrated development and develops a framework for incentive- compatible coordination on the basis of TOD theory and mechanism design theory. Employing institutional analysis, it develops mechanism designs for integrated development that motivate participation and combine expertise with balanced interests of stakeholders and needs of integrated TOD for quality old city regeneration. Examining and comparing case studies in China and abroad, it further puts forward locally-adaptive institutional innovations of regulatory planning and development in China.
This study aims to investigate the mode of TOD-based OCR in the Chinese context based on a fuller understanding of the challenges and factors of interests and conflicts, and develop mechanisms for integrated development that motivate participation, combine expertise and promote quality public goods.