Details:

Creators:
Williams, Kristine M.
Corporate Creators:
University of South Florida. Center for Urban Transportation Research
Corporate Contributors:
North Carolina. Dept. of Transportation
Subject/TRT Terms:
[+]
Alternatives Analysis Equity (Justice) Financing Improvements Public Private Partnerships Regulation
Resource Type:
Tech Report
Geographical Coverage:
United States
Corporate Publisher:
University of South Florida. Center for Urban Transportation Research
Abstract:
Transportation agencies seem to be paying more and more for less and less. Project

costs are outpacing budget estimates in many areas, while growth in demand continues

to strain available capacity. Right of way costs in particular are consuming a growing

amount of project funding, as are construction costs spurred by spikes in global demand

for materials. These issues, along with public opposition to taxes and inadequate local

measures for managing the transportation needs of new development, are contributing

to transportation funding shortfalls and stalled projects in many states.

Keeping pace with transportation demand is particularly challenging in high growth

areas of states, like North Carolina, that maintain an extensive statewide network of

roads and highways. As a result, many states are looking to encourage public private

partnerships and to obtain developer contributions toward needed transportation

improvements. This trend, however, has raised a variety of equity concerns. A major

concern is how to achieve equity of contributions among private developers and how to

assure that the public continues to pay its fair share toward transportation improvement

needs.

To address these issues, the North Carolina Department of Transportation (NCDOT)

retained the Center for Urban Transportation Research (CUTR) to assist the

Department with exploring alternative funding strategies for improving transportation

facilities. The study considered a variety of possibilities, including certain public

private partnerships, alternative financing strategies, and regulatory methods. Specific

topics examined were transportation corporations, transportation improvement districts,

tax increment financing, impact fees, transportation concurrency and state programs for

achieving fair share mitigation of transportation impacts. This report presents findings

of this exploratory research effort.


Format:
PDF
Collection(s):
US Transportation Collection
Main Document Checksum:
[+]
urn:sha256:30aa317535049f78585d9f13b486ac1a08c05ea41d43b54c2072da7f75443433
Download URL:
https://rosap.ntl.bts.gov/view/dot/16224/dot_16224_DS1.pdf
File Type:

Supporting Files

• No Additional Files

More +