Development Services
Specialized. Expertise and innovation.
Collaboration.
Work with
local governments and MDOT business units (aviation, motor vehicle, port,
highways, transit, and toll facilities) to determine real estate needs and
opportunities.
Site assessments. Determine transit and infrastructure requirements for
potential “market ready” development sites.
Deal structuring. Mitigate State risks with local governments and
private developers.
Implementation.
Facilitate Transit Oriented Development (TOD) projects.
Economic Development
Economic
development strategies are unique to community needs -- urban, suburban and
rural -- with transportation as the basic infrastructure supporting housing and employment opportunities.
Economic
development is community development.
Real Estate Services
ORED is responsible for disposing of those properties owned by MDOT that have been determined to be excess to the agency’s needs and that are stand-alone parcels, meaning primarily that they have road access (the TBU’s have responsibility for disposing of non-standalone parcels). Typically, the properties that ORED receive for disposition are owned by SHA.
In addition, ORED is responsible for managing the process by which properties being offered for disposition by the TBU’s are cleared for disposition by MDOT (referred to as “the clearance process”).
