Value Capture for Transportation Finance

Thursday, September 17, 2009 - 3:00pm

About the Event

A potential alternative to current sources of transportation 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, value capture policies seek to generate revenue by extracting a portion of the gains in the value of land that result from improvements to transportation networks.

In this seminar, researchers will share findings from a recent project that identified eight policies that contain elements of the value capture approach. These policies are land value taxes, tax increment financing, special assessments, transportation utility fees, development impact fees, negotiated exactions, joint development, and air rights.

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Speaker(s)

Mike Iacono, a research fellow at the University of Minnesota’s Department of Civil Engineering, conducts research on travel behavior and transportation policy, planning, and economics.

Adeel Lari, a research fellow at the University of Minnesota’s Hubert H. Humphrey of Public Affairs, is the director of innovative financing in the State and Local Policy Program at the Humphrey School.

David Levinson, the Richard P. Braun/CTS Chair in Transportation Engineering, focuses on understanding the process of network growth, evaluating transportation technology and policy, and modeling travel behavior.

Zhirong “Jerry” Zhao, an assistant professor with the Hubert H. Humphrey School of Public Affairs, specializes in the field of public administration.