United States Department of Transportation
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Planning tools to assess the real estate leveraging potential for roadways and transit : technical report.
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2011-01-01
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[PDF-5.74 MB]
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Edition:Technical report; Sept. 2009¿Nov. 2010.
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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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