Harnessing value for transportation investment: a summary of the study: value capture for transportation finance
Center for Transportation Studies, University of Minnesota, 2009 - Transportation - 12 pages
Large public investments in transportation infrastructuresuch as a new freeway interchange or transit stationcan 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 does it affect different segments of society. Is the revenue substantial, stable, or predictable. How feasible is adoption and implementation. To answer these and other questions, the Minnesota Legislature appropriated funding to the University of Minnesotas Center for Transportation Studies in 2008 to study the public policy implications of value capture. No previous research has systematically compiled and analyzed the full gamut of policy tools that may be used for value capture. This document summarizes the findings from that study.
3 pages matching Alternative Revenue Sources in this book
Results 1-3 of 3
What people are saying - Write a review
We haven't found any reviews in the usual places.
adjustments in Minnesota administrative Alternative Revenue Sources annuity instruments applied individually Assessments Transportation Utility Authorized under current Basis benefits burden capital and O&M Center for Transportation Coordination cyclical High Department of Civil developers negotiation development capital public Development impact fees Economic efficiency eight value capture enue Equity exac Humphrey lnstitute Implementation income Increased accessibility individually or combined infrastructure Joint Development JD land value tax landowners taxing authority Level of government levied limited revenue lnstitute of Public ment Metro Transit Minnesota Legislature Mn/DOT Narrow base Negotiated Exactions Neutral to progressive O&M public Old development on-site Politically feasible property tax property value Public Affairs real estate market restricted off-site areas Road ownership Slightly regressive Space Special Assessments Transportation stable strategies target property Sustainability target property owners Tax increment financing tax rate transportation facilities Transportation Finance transportation improvement Transportation Investment Transportation Studies University Transportation Utility Fees University of Minnesota value capture strategies Value Tax LVT