Innovative Financing Techniques: A Catalog and Annotated Bibliography
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1978-01-01
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Abstract:This detailed research report and catalog reviews innovative financing techniques for transit improvements, and estimates the financing potential of these approaches. The majority of the techniques covered entail the concepts of joint development and value capture, and are therefore of most relevance when dealing with fixed guideway systems such as light rail, rapid rail, people movers, or personal rapid transit. The report found the most promising techniques to be tax techniques (dedicated property taxes, tax increment financing, and special benefit assessment), lease or sale of air rights, and incentive zoning in areas served by transit. Such approaches could cover from five to fifteen percent of the costs of transit improvements.
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