Public Transportation: Federal Role in Value Capture Strategies for Transit Is Limited, but Additional Guidance Could Help Clarify Policies

Public Transportation: Federal Role in Value Capture Strategies for Transit Is Limited, but Additional Guidance Could Help Clarify Policies PDF

Author: David Wise

Publisher: DIANE Publishing

Published: 2010-11

Total Pages: 55

ISBN-13: 1437937268

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State and local gov¿ts. are looking for alternative strategies to help fund transit systems. Value capture strategies (VCS) -- joint develop., special assessment dist., tax increment financing, and development impact fees -- are designed to dedicate to transit either a portion of increased tax revenue or additional revenue through assessments, fees, or rents based on value expected to accrue as a result of transit investments. This report reviewed: (1) the extent to which transit agencies and local gov¿ts. use joint develop. and other VCS to finance transit; (2) what stakeholders have identified as facilitators of, or hindrances to, the use of these; and (3) what stakeholders have said about the effects of fed. policies and programs on the use of these strategies. Illus.

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