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The Interborough Express (IBX) aims to be a promising transit equity project by enhancing accessibility in historically underserved New York City neighborhoods, characterized by limited mobility options and longer travel times. However, the current planning process for the IBX risks undermining its potential for long-term equitable outcomes due to insufficient integration among transportation planners and other urban planning professionals. This research explores how stronger, coordinated collaboration among diverse planning stakeholders—transportation agencies, city planning departments, and metropolitan planning organizations—can address these challenges by aligning anti-displacement policies, transit planning, and equitable development. Case studies from Raleigh, NC, and Portland, OR, demonstrate that equitable transit-oriented development (ETOD) may be a viable solution that fosters a collaborative planning process and comprehensive equity goals along a transit corridor. Concurrently, ETOD may be an effective tool to integrate anti-displacement policies, transit planning, and development, thereby prioritizing social justice and reducing the negative externalities that can result from new transit. This paper recommends that New York City should adopt a comprehensive ETOD strategy supported by a shared vision among key planning entities that aligns goals, coordinates funding, and integrates land use and transportation policies. The proposed IBX ETOD Strategic Plan could serve as a pilot to foster this cross-agency collaboration and ensure long-term equitable outcomes along the transit corridor.