A Decision-Support Framework For Using Value Capture to Fund Public Transit: Lessons From Project-Specific Analyses
June 11, 2012
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A May 2012 report on value capture mechanisms for funding transit has been added to the Resource Center best practices database. "A Decision-Support Framework For Using Value Capture to Fund Public Transit: Lessons From Project-Specific Analyses" examines tax-increment financing (TIF), special assessment districts (SADs), transit impact fees, joint developments, and air rights.
Follow All The Action At 2011 Rail~Volution, Washington, DC
October 16, 2011
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Reconnecting America and its partners in the Center for Transit-Oriented Development are out at Rail~Volution in Washington, DC, Oct. 16-Oct. 19. A list of their workshops and seminars is here.
How Does Employment Affect Development on Transit Lines?
May 17, 2011
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About two months ago the Center for TOD released a report called Rails to Real Estate. The basic gist of the report was that development along three new light rail lines was influenced by a number of different factors, some of which include income, employment proximity and walkability. But to me one factor stood out specifically. No matter where the vacant land was available, development was happening proximate to employment destinations along the corridor. As you can see below, along each of the lines that were studied, development followed employment.
Elmo Loves Value Capture, So Should You!
May 16, 2011
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We've been talking a lot about the website lately and highlighting special pages, but I wanted to focus on one in particular today. Value Capture. Our colleague at Strategic Economics, Nadine Fogarty, has written extensively on the subject including a paper called "Capturing the Value of Transit". There has been a lot of research on this subject recently and lots of attention has been paid to it as a way to plug the funding gap. But if you want to know where to find more papers and resources on the subject, look no further than our Value Capture featured topic page. There you'll find over 30 papers that focus on the subject. But don't take our word for it, Elmo loves it too.
Innovative Transportation Finance and Equity 101
May 3, 2011
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The US Government has historically facilitated public infrastructure development overseas by providing low-interest loans, loan guarantees, and favorable tax treatment for companies. Through our participation in multilateral banks, such as the World Bank, and helping to found and capitalize regional development banks in Africa, Asia, and Latin America, we have increased private sector investment in infrastructure in developing economies. These projects have a mixed history, and in some cases have had environmental and human rights impacts. Innovative Transportation Finance seeks to bring these tools home to the United States.
A Virtuous Circle
May 2, 2011
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New research by David M. Levinson and Emilia Istrate from the Brookings Institute looks at capturing the value generated by improved transportation access in order to pay for more improvements. Key to this concept is the "virtuous circle."
Options For Financing Transit
February 1, 2011
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A trio of reports from the past five years detailing various transit financing methods have been added to the Best Practices section.
Value Capture for Transportation Finance
This 2009 report to the Minnesota Legislature was written by the University of Minnesota Center for Transportation Studies.
"As vehicles become more fuel-efficient and overall levels of travel stagnate in response to increases in fuel prices, conventional sources of revenue for transportation finance such as taxes on motor fuels have been put under increasing pressure. One potential alternative as a source of revenue is a set of policies collectively referred to as value capture policies. In contrast to fuel taxes and other instruments that impose charges on users of transportation networks,…
High Speed Rail And TOD
January 9, 2011
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High-speed rail continues to move forward in key states, such as California and Florida. The San Francisco Planning and Urban Research Association (SPUR) just released a report on how to generate supportive land-use and intermodal transit connections for California’s high-speed rail network.
Value Capture And The Federal Role
July 29, 2010
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The Government Accountability Office has sent a report to congressional committees exploring what the federal government might do to facilitate the efforts of state and local agencies to fund transit systems by capturing the value generated by the transit-oriented improvements.
Notes From Transit-Oriented Development Financing Forum
May 27, 2010
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The Center for Transit-Oriented Development (CTOD), Transportation for America (T4America), the National Housing Conference (NHC), the American Institute of Architects (AIA), and LOCUS: Responsible Real Estate Developers and Investors hosted a Transit-Oriented Development (TOD) Financing Forum on May 17, 2010 in the U.S. Capitol Visitor Center. The event brought together more than70 participants from the housing, development, public and private finance, transportation and policy sectors to discuss the complexities of financing TOD. The Forum was designed as an opportunity to exchange policy ideas between TOD practitioners, advocates and federal policy makers. CTOD released a set of 10 federal policy recommendations to accelerate equitable TOD through upcoming transportation, tax, and livable community legislation. AIA also released its…
