Harnessing Value for Transportation Investment: A Summary of the Study: Value Capture for Transportation Finance
Center for Transportation Studies, University of Minnesota, 2009 - Impact fees - 12 pages
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Alternative Revenue Sources annuity instruments applied by jurisdictions applied individually Authorized under current Basis benefits burden capital and O&M Center for Transportation commonly for capital Coordination cyclical High Department of Civil developers negotiation development capital public Development impact fees Economic efficiency eight value capture enue Equity exac Humphrey lnstitute identified eight value Implementation income Increased accessibility individually or combined Joint Development JD land value tax landowners taxing authority Level of government levied limited revenue Linda Preisen lnstitute of Public ment Metro Transit Minnesota Legislature Mn/DOT Modest growth potential Narrow base Negotiated Exactions O&M public Old development on-site Politically feasible property tax property value Public Affairs real estate market regressive Narrow restricted off-site areas Road ownership Slightly regressive Space stable strategies target property Sustainability target property owners Tax increment financing tax rate transportation facilities Transportation Finance transportation improvement transportation investment Transportation Utility Fees University of Minnesota value capture strategies Value Tax LVT