Value Capture for Transportation Finance
Value capture seeks to generate revenue by extracting a portion of the gains in the value of land that result from improvements to transportation networks. In this paper the authors identify value capture strategies, including land value taxes, tax increment financing, special assessments, transportation utility fees, development impact fees, negotiated exactions, joint development, and air rights. The authors evaluate each of the policies according to four criteria: efficiency, equity, sustainability, and feasibility. The value capture concept is placed within a more general framework of transportation finance that emphasizes the relationship between different types of charges and groups of beneficiaries from transportation investments.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/18770428
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Supplemental Notes:
- Abstract reprinted with permission from Elsevier.
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Authors:
- Zhao, Zhirong
- Iacono, Michael
- Lari, Adeel
- Levinson, David
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Conference:
- Transport Research Arena 2012
- Location: Athens , Greece
- Date: 2012-4-23 to 2012-4-26
- Publication Date: 2012
Language
- English
Media Info
- Media Type: Digital/other
- Features: Figures; References; Tables;
- Pagination: pp 435-448
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Serial:
- Procedia - Social and Behavioral Sciences
- Volume: 48
- Issue Number: 0
- Publisher: Elsevier
- ISSN: 1877-0428
- Serial URL: http://www.sciencedirect.com/science/journal/18770428/53
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Publication flags:
Open Access (libre)
Subject/Index Terms
- TRT Terms: Economic efficiency; Equity (Finance); Feasibility analysis; Financing; Impact fees; Joint development; Property taxes; Sustainable development; Transportation; Value capture
- Uncontrolled Terms: Air rights; Negotiated exactions; Special assessments; Transportation utility fees
- Subject Areas: Finance; Transportation (General); I10: Economics and Administration;
Filing Info
- Accession Number: 01487703
- Record Type: Publication
- Files: TRIS
- Created Date: Jul 22 2013 2:53PM