01668536

Monograph

http://www.trb.org/Main/Blurbs/177574.aspx

Investments in transportation infrastructure that improve access to land and resources often lead to increased property values. This report presents guidance for state departments of transportation (DOTs) and other agencies seeking to mobilize some portion of that property-value increase to fund maintenance and operations as well as investment in the infrastructure. The research was undertaken to present an analytical framework for assessing how land value return and recycling may be useful as a funding mechanism in settings typically encountered by DOTs, considering such factors as likely value enhancement, legislative and regulatory limitations and incentives, inter-governmental relationships, and stakeholder perspectives on the issues of the distribution of public and private benefits of transportation services. Because local government typically has authority to deal with matters related to land use and land-related revenue-generating mechanisms, DOT access to land value return and recycling—a subset of real estate–based value capture methods—may require enabling legislation or partnering with local agencies. The Guidebook includes examples of applications of land value return and recycling as well as model legislation and institutional structures to facilitate the strategy.

Project 19-13

English

147p

2018

NCHRP Research Report

9780309446884

Digital/other

Appendices; Figures; Glossary; Tables

Financing; Infrastructure; Investments; Land values; Legislation; Partnerships; Tolls; Value capture

Administration and Management; Finance; Policy; Transportation (General)

TRIS, TRB, ATRI

May 8 2018 9:08AM