Yes. My solution is also been shown to work in countries like Switzerland [0], makes the areas around train stations way more livable and return the gains back to the entire populace. I'd even go so far and make the sourrounding area unsellable but leased out for 99 years. Perhaps it's also a mentality difference between EU and US. We guys in the old world aren't (in general) as hypercapitalists or distrustful/follow Reageanismns like “The nine most terrifying words in the English language are: I'm from the Government, and I'm here to help.”
[0] https://sbb-immobilien.ch/en/station-surroundings/