00474891

Component

http://onlinepubs.trb.org...trr/1987/1107/1107-012.pdf

https://scholar.google.co...kson&publication_year=1987

Although local governments have traditionally borne the cost of local roadway improvements to accommodate traffic growth, there has been a growing interest in the assessment of impact fees on developers to finance such improvements. Impact fees have been assessed as flat fees based on the size of the development; variable fees depending on the type and location of the development; and negotiated fees determined by the required investments, the interests of the local communities, and the resources of the developer. Variable fees are analogous to roadway user taxes in that roadway costs vary with traffic and a desired revenue target is to be met. Techniques used in highway cost allocation studies can be directly applied to the design of equitable variable impact fees. Because highway cost allocation studies have received considerable attention and have been widely applied, these allocation methods might be usefully adopted for impact fee assessment. Economic implications of roadway cost allocation methods for impact assessment are discussed.

Publication of this paper sponsored by Committee on Application of Economic Analysis to Transportation Problems. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.

01418063

pp 73-80

1987

Transportation Research Record

0309044553

Print

Figures (1) ; References (24) ; Tables (5)

Cost allocation; Developers; Financing; Highways; Impact fees; Improvements

Highway economics

Economics; Finance; Highways; Planning and Forecasting; Society; I10: Economics and Administration

TRIS, TRB

Oct 31 1987 12:00AM

• A CLOSER LOOK AT IMPACT FEES
• AN ECONOMIC ARGUMENT FOR PRIVATIZATION OF HIGHWAY OWNERSHIP
• ARTERIAL ROAD FUNDING FOR SOUTHEASTERN JEFFERSON COUNTY: EQUITY BASED ON TRAFFIC IMPACT
• ECONOMIC ARGUMENTS ON TOLL ROADS
• ELECTRONIC ROAD PRICING IN HONG KONG: AN OPPORTUNITY FOR ROAD PRIVATIZATION?
• FINANCING, PRIVATE-SECTOR INVOLVEMENT, AND MARKET PROCESSES IN THE PROVISION OF NATIONAL ROADS IN SOUTH AFRICA
• IMPACT OF TOLL POLICY IN THE UNITED KINGDOM
• INTRAURBAN ROAD PRIVATIZATION
• KEY FEATURES OF PRIVATIZATION FINANCING
• NEW THINKING ON PRIVATE-SECTOR TOLL ROADS IN INDIA: RATIONALE AND ISSUES
• OVERVIEW OF TOLL FINANCING IN COUNTRIES THAT ARE MEMBERS OF THE ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT
• PHASING IN THE USER-PAYS CONCEPT ON URBAN FREEWAYS: THE PRIVATIZATION STRATEGY
• PRIVATE ENTERPRISE AND HIGHWAYS
• PRIVATE-SECTOR INVOLVEMENT AND TOLL ROAD FINANCING IN THE PROVISION OF HIGHWAYS - OPENING REMARKS
• PRIVATE-SECTOR INVOLVEMENT IN VIRGINIA'S NINETEENTH-CENTURY TRANSPORTATION IMPROVEMENT PROGRAM
• PRIVATE-SECTOR ROADWAY FUNDING IN TEXAS
• PUBLIC AND PRIVATE COOPERATION IN THE PROVISION OF NATIONAL FOREST ROADS
• PUBLIC-PRIVATE INVOLVEMENT IN THE DEVELOPMENT OF ROADWAYS AND INTERCHANGES IN COLORADO
• SOME FINANCIAL, ECONOMIC, AND SOCIAL POLICY ISSUES ASSOCIATED WITH TOLL FINANCE
• TECHNOLOGY AND THE HEAVY-VEHICLE ELECTRONIC LICENSE PLATE PROGRAM: POTENTIAL USES FOR GOVERNMENT AND INDUSTRY
• THE TOLL RING IN BERGEN, NORWAY