Value Capture: Capitalizing on the Value Created by Transportation

Details

• Corporate Creators:
  United States. Department of Transportation. Federal Highway Administration
• Contributors:
  Natzke, Stefan ; Bishop, Thay
• Subject/TRT Terms:
  Financing Project Delivery Property Values Research Projects Value Capture
• Resource Type:
  Brief
• Right Statement:
  Public Domain
• Geographical Coverage:
  United States
• Corporate Publisher:
  United States. Department of Transportation. Federal Highway Administration
• Abstract:
  Public investment in transportation assets that improve access benefits owners of adjacent properties through greater land value and other economic impacts. Many techniques are available to the public sector to share in a portion of this increased land value to build, maintain, or reinvest in the transportation system. Value capture begins with the assessment created by the access transportation provides. Value is then enhanced through private sector investment and economic development enabled by the public investment. A portion of that appraisal created by the infrastructure can be "captured" by the public sector to reinvest in, operate, or maintain transportation infrastructure. These principles can be applied to most development scenarios, whether new infrastructure for new land development or rebuilt or enhanced existing infrastructure. Both the planning and implementation for value capture rely primarily on local government initiatives. For these local public agencies, value capture provides the opportunity to raise matching funds for Federal-Aid Highway Program projects and others.
• Format:
  PDF
• Collection(s):
  Federal Highway Administration
• Main Document Checksum:
  urn:sha-512:95f18b7bfdc49fdc2f61773507aed51add5361078c6e79e64a46a4bc95c1edbc2173eb4648d4c32dbba791432d79e7ecf7122e965220ed1ec215f41db4fa5e7b
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/90165/dot_90165_DS1.pdf
• File Type:
  [PDF - 113.15 KB ]