Planning tools to assess the real estate leveraging potential for roadways and transit : technical report.

Details

• Creators:
  Vadali, Sharada ; Aldrete, Rafael ; Bujanda, Arturo ; Samant, Swapnil ; Li, Yingfeng ; Geiselbrecht, Tina ; Kuhn, Beverly ; Lyle, Stacey ; Dalton, Kyle ; Zhang, Ming ; Tooley, Shaun
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• Corporate Creators:
  Texas Transportation Institute
• Corporate Contributors:
  Texas. Dept. of Transportation. Research and Technology Implementation Office
• Subject/TRT Terms:
  • Value capture
  • Transportation planning
  • Investments
  • Finance
  • Real estate development Value Capture
  • Highway Projects
  • Transit Projects
  • Transportation Reinvestment Zones
  • Innovative Finance
  • Land Development
• Publication/ Report Number:
  FHWA/TX-11/0-6538-1;Report 0-6538-1
• Resource Type:
  Tech Report
• Geographical Coverage:
  Texas
• Edition:
  Technical report; Sept. 2009¿Nov. 2010.
• Corporate Publisher:
  Texas Transportation Institute
• Abstract:
  A funding crisis exists for financing much needed transportation infrastructure projects across the nation and ; Texas is no exception. Texas has responded to the crisis by passing several bills allowing innovative ; financing and alternative options for project financing. Among these is Senate Bill 1266 (SB1266), which is ; a landmark legislation and was passed in 2007 as part of the 80th Legislature to provide the legal backdrop ; for the creation of the Transportation Reinvestment Zone (TRZ) to facilitate value capture of the tax ; increment from a future transportation project. This research aimed to provide various mechanisms to ; augment the implementation and understanding of SB1266 provisions across the state of Texas including but ; not limited to documenting the current understanding and knowledge of the legislative provisions, ; compilation of actual implementation case examples, development of standardized methods for screening, ; TRZ development and revenue assessments, and also presents the results of a workshop held to augment the ; understanding of TRZ for highway projects. An additional section of this research explores the implications ; of SB1266 for transit finance and discusses this aspect within the larger context for innovative finance of all ; transit infrastructure both those on the state highway systems and off. Finally, specific recommendations to ; the legal framework are made in the light of specific objectives of the research both for highways and transit ; in regard to the use of increment based finance.
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• Format:
  PDF
• Funding:
  Project 0-6538
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/18572/dot_18572_DS1.pdf
• File Type:
  [PDF - 5.74 MB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha-512:90f0072c964486fa8246b2de8d2b53cdd2c868d3cb8c0f6e9efc532d0e869cf9ae4f24997c4116b0d1dbf5e90071a485aaebc34de0cff6be5e72bded4ec991a0