Joint Development and Value Capture in Los Angeles: Local Policy Formulation: Final Report

Details

• Corporate Creators:
  Southern California Rapid Transit District
• Corporate Contributors:
  United States. Department of Transportation. Urban Mass Transportation Administration. Office of Planning Assistance ; United States. Department of Transportation. Office of the Secretary of Transportation. Technology Sharing Division
• Subject/TRT Terms:
  • Value capture
  • Joint development
  • Investments
  • Finance
  • Urban transit
  • Infrastructure
  • Subways
  • Real estate development
• Publication/ Report Number:
  DOT-I-83-23
• DOI:
  https://doi.org/10.21949/1527601
• Resource Type:
  Tech Report
• Geographical Coverage:
  Los Angeles (California);Los Angeles Metropolitan Area;Los Angeles County (California);Southern California
• Corporate Publisher:
  United States. Department of Transportation. Urban Mass Transportation Administration
• Abstract:
  A number of cities in Systems Planning and Alternatives Analysis have expressed an interest in maximizing the potential revenues from Joint Development and Value Capture that may result from proposed rail systems. The articulation of these policies is particularly relevant since maximum Federal funding has been reduced for new rail systems and UMTA seeks the largest local public and private financing of proposed rail systems as a ranking criteria for ultimate funding. The Southern California Rapid Transit District (RTD) concurrently with their Alternatives Analysis produced this document to guide at the policy level the land use and economic development that might be realized as a result of the Metro Rail Project. A conscious policy has been adopted by RTD with implementing mechanisms to foster new high density development at designated rail station "centers". Associated legislation at the State level has also been pursued by RTD so that Transit Benefit Districts may be implemented at Metro Rail Stations. This document therefor reflects the best up-to-date approach which has been taken to constructively integrate development with a proposed rail system and to commensurate revenue benefits to a transit agency.
• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/30453/dot_30453_DS1.pdf
• File Type:
  [PDF - 6.44 MB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha256:9789ab658bc2df4211a8a0758dd407dd7626dfe82ad822e211d062d3e1729c5a