Value Capture for Transportation Finance

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Our Value Capture for Transportation Finance study is now out.

Detailed reports will be placed online soon.

About the Study

Large public investments in state transportation infrastructure--such as new freeway interchanges, highways, or transit stations--can increase the value of adjacent private land, sometimes substantially. Capturing the value of this benefit through various tools is gaining interest as a finance mechanism for infrastructure investments. But many questions remain: Does "value capture" promote or hinder economic development? How high should the tax rate be? How stable is the revenue?

To answer these and other questions, the state legislature appropriated funding to CTS to study the public policy implications of value capture.

Researchers reviewed the relationship between transportation and land values, including the measurement of benefits from a transportation improvement, as well as the legal and economic frameworks for capturing the value gains. They explored the major financing techniques associated with value capture--such as joint development of infrastructure and adjacent private parcels, rezoning and reselling, impact fees, special assessment districts, and tax increment financing--and some examples of their implementation. They then evaluated several of the proposed policies and their suitability for implementation locally, based on the criteria of economic efficiency, social equity, adequacy as a revenue source, and feasibility.

1 Comment

I can say with certainty that D.O.T. officials are too darn good to crawl under smelly, maggot-filled, trash juice-dripping garbage trucks. They just simply turn the other way. Most garbage trucks are VERY unsafe in this area, because greedy waste corporations would rather make more money than to worry about safety. Truly sad.

David Levinson

Network Reliability in Practice

Evolving Transportation Networks

Place and Plexus

The Transportation Experience

Access to Destinations

Assessing the Benefits and Costs of Intelligent Transportation Systems

Financing Transportation Networks

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About this Entry

This page contains a single entry by David Levinson published on July 1, 2009 10:34 AM.

It's one thing to get your ticket punched was the previous entry in this blog.

Reflections on the Streetcar of Portland is the next entry in this blog.

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