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.
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