LOS ANGELES-Urban development and transportation-oriented development has been happening, they will happen and they must happen–just when they will continue happening is contingent on the economic rebound.

That was the consensus from speakers at the Urban Land Institute’s annual Urban Marketplace conference, themed “At The Crossroads: Transportation and Development.” Organizers estimated 600 attended the event at the Los Angeles Convention Center in Downtown Los Angeles.

Underlying the theme was the pervasive question of what urban and TOD projects will look like when the economy returns and commercial lending begins again. After the economy bottoms out, “the vast majority of building permits…will probably be in urban environments and transit-oriented development,” said one of the event’s headline speakers, Christopher B. Leinberger, a senior fellow at the Brookings Institution.

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