Innovation in Public Transport Finance

Innovation in Public Transport Finance PDF

Author: Shishir Mathur

Publisher: Routledge

Published: 2016-05-23

Total Pages: 228

ISBN-13: 1317116445

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With all levels of governments currently, and for the foreseeable future, under significant fiscal stress, any new transit funding mechanism is to be welcomed. Value capture (VC) is one such mechanism, which involves the identification and capture of a public infrastructure-led increase in property value. This book reviews four major VC mechanisms: joint development projects; special assessment districts; impact fees; and tax increment financing; all of which are used to fund transit in the United States. Through the study of prominent examples of these VC mechanisms from across the US, this book evaluates their performance focusing on aspects such as equity, revenue-generating potential, stakeholder support, and the legal and policy environment. It also conducts a comparative assessment of VC mechanisms to help policy makers and practitioners to choose one, or a combination of VC mechanisms. Although the book focuses on the US, the use of the VC mechanisms and the urgent need for additional revenue to fund public transportation are world-wide concerns. Therefore, an overview of the VC mechanisms in use internationally is also provided.

Innovation in Public Transport Finance

Innovation in Public Transport Finance PDF

Author: Shishir Mathur

Publisher:

Published: 2014-01-01

Total Pages:

ISBN-13: 9781306818506

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"The vast majority of funding for public transportation comes from local and national governments. With all levels of governments currently, and for the foreseeable future, under significant fiscal stress, any new transit funding mechanism is to be welcomed. Value capture (VC) is one such mechanism, which involves the identification and capture of a public infrastructure-led increase in property value"--Provided by publisher.

Innovation in Public Transport Finance

Innovation in Public Transport Finance PDF

Author: Shishir Mathur

Publisher: Routledge

Published: 2016-05-23

Total Pages: 190

ISBN-13: 1317116437

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With all levels of governments currently, and for the foreseeable future, under significant fiscal stress, any new transit funding mechanism is to be welcomed. Value capture (VC) is one such mechanism, which involves the identification and capture of a public infrastructure-led increase in property value. This book reviews four major VC mechanisms: joint development projects; special assessment districts; impact fees; and tax increment financing; all of which are used to fund transit in the United States. Through the study of prominent examples of these VC mechanisms from across the US, this book evaluates their performance focusing on aspects such as equity, revenue-generating potential, stakeholder support, and the legal and policy environment. It also conducts a comparative assessment of VC mechanisms to help policy makers and practitioners to choose one, or a combination of VC mechanisms. Although the book focuses on the US, the use of the VC mechanisms and the urgent need for additional revenue to fund public transportation are world-wide concerns. Therefore, an overview of the VC mechanisms in use internationally is also provided.

Disruptive Transport

Disruptive Transport PDF

Author: William Riggs

Publisher: Routledge

Published: 2018-12-07

Total Pages: 234

ISBN-13: 0429876289

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With the rise of shared and networked vehicles, autonomous vehicles, and other transportation technologies, technological change is outpacing urban planning and policy. Whether urban planners and policy makers like it or not, these transformations will in turn result in profound changes to streets, land use, and cities. But smarter transportation may not necessarily translate into greater sustainability or equity. There are clear opportunities to shape advances in transportation, and to harness them to reshape cities and improve the socio-economic health of cities and residents. There are opportunities to reduce collisions and improve access to healthcare for those who need it most—particularly high-cost, high-need individuals at the younger and older ends of the age spectrum. There is also potential to connect individuals to jobs and change the way cities organize space and optimize trips. To date, very little discussion has centered around the job and social implications of this technology. Further, policy dialogue on future transport has lagged—particularly in the arenas of sustainability and social justice. Little work has been done on decision-making in this high uncertainty environment–a deficiency that is concerning given that land use and transportation actions have long and lagging timelines. This is one of the first books to explore the impact that emerging transport technology is having on cities and their residents, and how policy is needed to shape the cities that we want to have in the future. The book contains a selection of contributions based on the most advanced empirical research, and case studies for how future transport can be harnessed to improve urban sustainability and justice.

Local and Regional Funding Mechanisms for Public Transportation

Local and Regional Funding Mechanisms for Public Transportation PDF

Author:

Publisher: Transportation Research Board

Published: 2009

Total Pages: 81

ISBN-13: 0309117712

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"TRB's Transit Cooperative Research Program (TCRP) Report 129: Local and Regional Funding Mechanisms for Public Transportation explores a series of transit funding mechanisms with a primary focus on traditional tax- and fee-based funding; and common business, activity, and related funding sources. The report includes an online regional funding database that provides an extensive list of funding sources that are in use or have the prospect of being used at the local and regional level to support public transportation. A user manual for the database is also available online"--Publisher's description.

Transport Trends and Economics 2016-2017

Transport Trends and Economics 2016-2017 PDF

Author: United Nations. Economic Commission for Europe. Inland Transport Committee

Publisher:

Published: 2017

Total Pages: 104

ISBN-13:

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During recent decades governments all around the world were faced with a complicated set of options for investing in transport, including transport infrastructure. This publication examines main principles for determining the most appropriate models for financing transport infrastructure expenditures but also illustrates and analyses many innovative ways to finance transport infrastructure. Financing, in this context, means the provision of money at the time and in the quantity, that is needed to meet society's transport infrastructure and transport service provision needs. Thus, financing is a basic underpinning of the entire process of providing and operating transport infrastructure. Accepting the view, that transport infrastructure is needed to provide a well-defined set of public services, at the highest-level financing the transport sector, including transport infrastructure expenditures, is fundamentally a sovereign task, which involves determining how much of the government's available (public) resources will be channelled into the transport infrastructure, during a given period, as opposed to other policy priorities. However, this report proves that this is not the case anymore. There are many other innovative ways from which transport infrastructure construction could be funded other than the government's available (public) resources.

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