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Title: Joint Development as a Value Capture Strategy in Transportation Finance
Accession Number: 01155702
Record Type: Component
Availability: Transportation Research Board Business Office 500 Fifth Street, NW Abstract: This article examines joint development as a value capture strategy for funding public transportation. We start from the concept of joint development, its rationale, a brief history, and the extent of its use. Then we provide international examples of joint development projects at Hong Kong, Taiwan, Tokyo, and Thailand, and domestic examples at Washington, DC, New York, NY, and Portland, OR, etc. Next, we establish a framework to classify joint development models by ownerships (public or private) and by types of transaction (real property or development rights). After that, joint development is evaluated along four revenue criteria including efficiency, equity, sustainability and feasibility. Finally, we summarize the advantages and disadvantages of joint development as a transportation finance strategy, and provide recommendations for policy consideration or implementation.
Monograph Title: Monograph Accession #: 01147878
Report/Paper Numbers: 10-3372
Language: English
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: Zhao, ZhirongDas, Kirti VardhanLarson, KerstinPagination: 20p
Publication Date: 2010
Conference:
Transportation Research Board 89th Annual Meeting
Location:
Washington DC, United States Media Type: DVD
Features: Figures
(1)
; References
(38)
TRT Terms: Uncontrolled Terms: Subject Areas: Finance; Policy; Public Transportation; I10: Economics and Administration; I72: Traffic and Transport Planning
Source Data: Transportation Research Board Annual Meeting 2010 Paper #10-3372
Files: TRIS, TRB
Created Date: Jan 25 2010 11:41AM
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