01629762

Component

A rich history of literature has demonstrated that the provision of rapid transit infrastructure and transit-oriented development (TOD) land use planning can result in land value uplift (LVU), though it is heavily context-dependent. In response, planners and policymakers around the world have shown interest in capturing some of these benefits, which traditionally accrue to private landowners, to finance the infrastructure project. This is done through the use of land value capture (LVC) tools. However, the imposition of LVC tools requires a prior knowledge of expected LVU benefits, and aside from simple approximation there is at present no method for predicting the magnitude and spatial distribution of LVU benefits associated with future infrastructure. In response, this paper develops a value planning framework for predicting LVU associated with rapid transit and TOD that can be used to develop empirical estimations of LVU around which LVC policy tools can be designed.

This paper was sponsored by TRB committee ADD30 Standing Committee on Transportation and Land Development.

01618707

17-04862

English

15p

2017

Transportation Research Board 96th Annual Meeting

Digital/other

Figures; Maps; References; Tables

Infrastructure; Land use planning; Rapid transit; Transit oriented development

Planning and Forecasting; Public Transportation

Transportation Research Board Annual Meeting 2017 Paper #17-04862

TRIS, TRB, ATRI

Dec 8 2016 11:52AM