With the recent news that Chicago will be expanding its transit-oriented development (TOD) policy to eight of the highest-ridership bus corridors in the city, it's clear the city is doubling down on TOD as an environmentally sustainable and efficient way to incentivize private development. First introduced in 2013, the policy today completely waives all parking requirements on new developments up to a 1/2 mile from city CTA or Metra rail stations.