Harnessing Value for Transportation Investment: A Summary of the Study: Value Capture for Transportation Finance
Adeel Lari, David Levinson, Zhirong Zhao, Michael Iacono
Report no. CTS 09-18PS
Financing Transportation Through the Capture of Land Value Gains: Practical Integration and Stakeholder Involvement, Financing Transportation Through the Capture of Land Value Gains: Taxes, Exactions and Synthesis, Financing Transportation Through the Capture of Land Value Gains: The Value Capture Strategies of TIF, SAD, and Joint Development, Value Capture for Transportation Finance
A team of University of Minnesota transportation and public policy researchers has identified eight potential strategies to raise funding for transportation infrastructure investments. When a large public facility is built--such as a new freeway interchange or transit station--the value of surrounding private property can go up, sometimes substantially. The eight strategies capture a part of this value. This document summarizes the strategies, their policy implications, and the legal considerations needed to use several of them in Minnesota.