value capture

Capturing value for transit improvements

By Mary Ebeling A new transportation enhancement fund assessment on real estate developers in Cambridge, Massachusetts’ Kendall Square will help fund transit improvements in that area, including possible enhancements to the Red Line Kendall/MIT station. Some at the MBTA are looking at

Alphabet soup? An update on transit finance

By Mary Ebeling Across modes, the funding paradigm for transportation projects is shifting. As Congress exhibits a lack of appetite for addressing the impending crisis in the gas tax funding model, states and local governments are developing new ways to assemble financing packages for needed

Financing Transit Systems Through Value Capture: An Annotated Bibliography (Victoria Transportation Policy Institute, 2012)

This paper summarizes the findings of more than 100 studies concerning the impacts transit service has on nearby property values, and the feasibility of capturing a portion of the incremental value to finance transit improvements. The results indicate that proximity to transit often increases

New generation of transit hubs redefining train stations’ place in communities

By Bill Holloway Whereas the grand train stations of yesteryear were monuments to transportation with their soaring cathedral-like ceilings, huge open spaces, and rows of wooden benches – today’s transit hubs have both a new aesthetic and role in their communities. They often link multiple

Strategies for using value capture to fund transit

By Mary Ebeling Seventy-five percent of transit funding comes from state and local sources, pointing to a clear need to develop diverse revenue sources to support transit service. As vehicle miles traveled (VMT) continue to decline while transit use increases, the need for new revenues grows in

Value capture fuels transit expansion in Charlotte area

State and local transit planners in North Carolina are looking at a plan that combines two forms of value capture in order to construct and operate commuter rail running north from Charlotte. The plan, made public in December, would rely both on tax-increment financing (TIF) and special