Value Capture: Value Capture Revenue Tools: An Introduction

Details

• Corporate Creators:
  United States. Department of Transportation. Federal Highway Administration. Office of Innovative Program Delivery
• Contributors:
  Bishop, Thay
• Subject/TRT Terms:
  • Value capture
  • Improvements
  • Land values
• Resource Type:
  Brief
• Geographical Coverage:
  United States
• Corporate Publisher:
  United States. Department of Transportation. Federal Highway Administration. Office of Innovative Program Delivery
• Abstract:
  Transportation networks and urban land values are closely linked. Transportation improvements increase accessibility and thereby make surrounding locations more desirable. Transportation improvements often increase the value of nearby land, benefitting land owners and developers. Value capture techniques harness a portion of the increased property values in order to pay for the improvement or for future transportation investment. There are several different forms of value capture used in the United States. The most common include: special assessments, tax increment financing, development impact fees, and developer contributions. These techniques may vary in their application and they may also be known by additional terms. Generic descriptions of these different value capture techniques are provided below. For additional information, view the FHWA IPD Value Capture page.
• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/55657/dot_55657_DS1.pdf
• File Type:
  [PDF - 175.32 KB]
• Collection(s):
  Federal Highway Administration
• Main Document Checksum:
  urn:sha-512:8c43911b4f9508d42cf634ac221b4575b6f200ac8176f3bd54864b70ac33568f7f9e8b6d1ac6c48df48b55a83b7c8cbbfc66b4e4e0a3545b58f38e9a177ececd