A development company is seeking more than $160 million in damages from Metro in a lawsuit charging breach of contract and fraud over a stalled mixed-used development at the Greenbelt Metro station. ... Read On
After announcing a delay in forming a key public-private
partnership to help fund construction of its FasTracks rail expansion,
RTD is now exploring whether $1 billion in PPP financing could be
impacted by the state's Taxpayer's Bill of Rights. ....
A new generation of public-private
partnerships could emerge in the coming years as a means of rebuilding
California's aging infrastructure, stimulating economic development,
creating new jobs and setting the stage for the next round of real
estate development, according to speakers at a ULI panel Friday....
Transportation systems play a pivotal role in enhancing the productivity and quality of life in the United States. Funding for streets, highways, and transit is provided by the joint efforts of federal, state, and local governments; taxation and user fees are the primary revenue sources, along with supplemental methods including loans, bonds, public-private partnerships, and concessions (Committee for the Study of the Long-Term Viability of Fuel Taxes for Transportation Finance, 2006). The Report of the National Surface Transportation Policy and Revenue Study Commission, Transportation for Tomorrow, suggests that the country needs to invest at least $225 billion annually from all sources for the next 50 years to upgrade the existing system to a state of good repair and create a more advanced surface transportation system. The report also notes that present spending is only about 40 percent of this amount (National Surface Transportation Policy and Revenue Study…
A planned $1.5 billion redevelopment of
Midtown Baltimore's State Center complex came under harsh criticism
Thursday from legislative analysts who told lawmakers that the current
public-private deal "is not in the best interest of the state."...
It has been more than 20 years since significant research has been conducted on local and regional (i.e., non-federal and non-state) funding for public transportation. No information is available that describes funding mechanisms from local and regional sources beyond the revenue amounts reported in the NTD for key categories of transit operating and capital funds. Without this information, communities and public transportation agencies spend considerable time and money identifying and considering the funding options available. Research is needed on funding mechanisms to allow local governments and transit agencies to consider and pursue appropriate funding for current and future public transportation services. The research results should describe a broad range of funding mechanisms and provide sufficient information to allow investigation and comparison of funding options and to implement the funding mechanisms.
Hong Kong’s principal rail operator, the MTR Corporation (MTRC), has advanced the practice of transit value capture more than any public-transport organization worldwide. It has done so through its “Rail + Property” development approach, or R+P. Chapter One examines the evolution and implementation of R+P since its inception in the mid-1980s. The role of MTRC as master planner of station-area development and the process introduced to share risks and rewards among public and private stakeholders are discussed. Chapter Two discussed R+P as a form of transit-oriented development (TOD). Through good quality urban design and attention to the needs of pedestrians, concentrating growth around stations can not only help finance capital infrastructure but can also contribute to place-making and community enhancement.