Port authority transportation reinvestment zone : executive summary.
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2017-03-01
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Abstract:The transportation reinvestment zone (TRZ) is a relatively new tool for infrastructure finance
that allows governmental entities with taxing authority to set aside funds for local match
contributions for transportation projects and capture the land value increases that result from the
transportation projects. In 2013, the Texas Legislature authorized port authorities and navigation
districts to use TRZs. This research summarizes: the history of the TRZ; its uses in port funding and financing since passage of the enabling legislation; the character of the existing port authority TRZs in Texas; land development issues relevant to those TRZs.
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