01095598

Component

https://doi.org/10.3141/2079-16

http://scholar.google.com...olon&publication_year=2008

There has been an increasing interest in the academic literature in how to seize the positive impact of transportation investments on land values and to use such funds as a source for financing transportation projects. Value capture mechanisms such as special assessment districts, tax increment financing, and linkage capture are seen as alternative strategies for funding transportation projects and making beneficiaries of higher land values pay a share of the benefits that they receive from transportation investments. This study assesses existing value capture mechanisms based on three desired criteria of taxation policy: maximization of efficiency, minimization of transaction costs, and minimization of regressivity.

01118469

08-2777

English

pp 127-135

2008

Transportation Research Record: Journal of the Transportation Research Board

9780309125925

Print

References (32) ; Tables (3)

Financing; Investments; Property values; Taxation; Value capture

Transportation infrastructure; Transportation projects

Finance; Highways; I10: Economics and Administration

TRIS, TRB, ATRI

Jan 29 2008 5:14PM

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• Generalized Approach for Assessing Direct User Impacts of Multimodal Transport Projects
• Making the Case for Funding Using Performance Management: Experience of the Washington State Department of Transportation
• Minnesota Pay-as-You-Drive Pricing Experiment
• Minnesota’s Proposal for Urban Partnership Agreement: Case Study of Political and Institutional Issues in Congestion Pricing
• MOLINO-II: Model for Assessing Pricing and Investment Strategies for Transport Infrastructure
• Municipal Mobility Manager: New Transportation Funding Stream from Carbon Trading?
• New Road Financing System for U.S. Metropolitan Areas
• Policy Options for Varying Mileage-Based Road User Charges
• Protecting the Public Interest: Role of Long-Term Concession Agreements for Providing Transportation Infrastructure
• Public–Private Partnerships: Case Study in Evaluating Equivalent Single-Axle Loads for Long-Term Performance Warranties in New Mexico
• Responses to Oregon's Experiment in Road Pricing
• Technology Evaluation of Oregon’s Vehicle-Miles-Traveled Revenue Collection System: Lessons Learned
• Toward the Evaluation of Value Pricing
• Transport Project Appraisal in Israel
• Transportation Benefit–Cost Analysis: Lessons from Cal-B/C
• Welfare and Financial Implications of Unleashing Private-Sector Investment Resources on Transportation Networks