Blogosphere: Our System Could be Profitable Too
August 17, 2011|Cap'n Transit Rides Again
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Last week I discussed Alex Marshall's take on the profitability of the Hong Kong Mass Transit Railway. As Alon Levy pointed out, the MTR does make an operating profit, so what I said was a little inaccurate. I said "Marshall responded that the Hong Kong MTR makes money on real estate and uses that money to subsidize its transit facilities... Read On
Blogosphere: Google-Motorola and Land Value Capture
August 17, 2011|Transportationist
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This is a really interesting metaphor. Replace plumbing with roads, Google with transportation agencies, and Motorola with land development, and you have the model of Land Value Capture we have been talking about... Read On
Portland: Will Urban Renewal Fund Light Rail?
July 7, 2011|Clackamas Review
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Clackamas County commissioners see themselves as stuck between a rock and a light rail line on their promise to provide $25 million for MAX trains from Portland through Milwaukie to Oak Grove... Read On
East Bay: Cities Vow to Fight Redevelopment Plans
July 5, 2011|San Jose Mercury News
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Contra Costa cities are vowing to fight a plan signed by Gov. Jerry Brown this week to use money earmarked for local revitalization to plug the state deficit. Brown has endorsed two bills: One dissolves the state's nearly 400 redevelopment agencies and the other allows the agencies to remain if they "pay to play," handing over $1.7 billion in revenue to the state this year and making smaller payments in perpetuity. ..
Blogosphere: Economic Development on H Street
July 5, 2011|Urban Places and Spaces
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Yesterday included a press conference feel good event about the "completion" of the H Street streetscape improvement project, which really isn't totally finished, and it will be another two years or so before the streetcar system is up and running, after the construction of the electrical powering infrastructure...
Transit Revitalization Investment Districts: Opportunities and Challenges for Implementation
July 1, 2011
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Introduction
This report provides an evaluation of planning and implementation efforts undertaken based on the Pennsylvania Transit Revitalization Investment District (TRID) Act. This innovative law, passed in 2004, has been cited nationally as a model for fostering transit-oriented development (TOD). TRID is intended to achieve a variety of goals including:
Encouraging TOD and economic development;
Fostering collaboration between multiple entities;
Promoting the use of value capture mechanisms, public-private partnerships, and other innovative financing methods to spur infrastructure investment;
Incorporating community involvement in planning; and
Generating increased revenue and ridership for transit agencies.
The TRID legislation enables the use of a district-based tax increment financing mechanism to capture increases in property values to pay for needed improvements. It is distinct from tax-increment financing (TIF) because unlike TIF, it does not require that there be a…
Transit Revitalization Investment Districts: Opportunities and Challenges for Implementation
July 1, 2011
More News & Resources:
Introduction
This report provides an evaluation of planning and implementation efforts undertaken based on the Pennsylvania Transit Revitalization Investment District (TRID) Act. This innovative law, passed in 2004, has been cited nationally as a model for fostering transit-oriented development (TOD). TRID is intended to achieve a variety of goals including:
Encouraging TOD and economic development;
Fostering collaboration between multiple entities;
Promoting the use of value capture mechanisms, public-private partnerships, and other innovative financing methods to spur infrastructure investment;
Incorporating community involvement in planning; and
Generating increased revenue and ridership for transit agencies.
The TRID legislation enables the use of a district-based tax increment financing mechanism to capture increases in property values to pay for needed improvements. It is distinct from tax-increment financing (TIF) because unlike TIF, it does not require that there be a…
International: Chinese Transit and Value Capture
June 23, 2011|Economist (via Transportationist)
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ALTHOUGH it may not be front-of-mind-news for five-sixths of the world's population, 2011 is the year of the XXVI Universiade Games, with the southern Chinese city of Shenzhen having the summer portion (and Ezurum in Turkey the winter). For China there is nothing like hosting a international event to serve as a catalyst for yet another mass transport project... Read On
Blogosphere: The True Value Created
June 20, 2011|At Lincoln House
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The story of Frank McCourt, the embattled L.A. Dodgers owner, provided some fitting context for the discussion of value capture at the 6th Annual Land Policy conference last month. McCourt owned a premiere L-shaped 25-acre parcel on the South Boston Waterfront, Boston's new frontier for urban development... Read On
Blogosphere: Sinking Value Capture Dreams
June 6, 2011|Transport Politic
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Mayor Rob Ford's claim that he can build new subway with little public financing looks increasingly unlikely. But value capture remains one of many funding devices that should be considered seriously by transit agencies... Read On
