Guidance on Extracting Value from TxDOT’s Land Holdings

Many Departments of Transportation (DOTs), including the Texas Department of Transportation (TxDOT), have been challenged by inadequate funding from traditional federal and state fuel taxes, increasing construction costs, aging highway systems, traffic congestion, and recent natural disasters, compromising their primary mission to provide safe vehicle transportation routes with adequate capacity. Furthermore, environmental awareness and sustainability concepts have strengthened and sparked debates in Congress, culminating with several regulatory policies that affect transportation projects. This scenario has prompted DOTs to pursue innovative ways to reduce maintenance cost (at minimum), generate revenue (at maximum) by exploiting their assets, and meet the new regulations. Likewise, the Center of Transportation Research at the University of Texas at Austin undertook a comprehensive research study to identify and determine when, where, and under what circumstances TxDOT should pursue the implementation of Value Extraction Applications (VEAs), and how to effectively recognize and involve key stakeholders. As a result, 11 VEAs were identified (property management, 3 types of airspace leasing, advertising, solar panels, wind turbines, solar roads/piezoelectric asphalt, geothermal and carbon energy, carbon sequestration and biomass, and wildlife crossings). In addition, a methodological framework—embedding a multi-attribute criteria analysis matrix as the decision making method—was devised to guide TxDOT through the process of identifying, evaluating, comparing, and selecting the most appropriate VEA. A list of stakeholders associated with each VEA and an analysis framework was provided to help TxDOT to identify and reach out to key stakeholders.

• Record URL:
  http://www.utexas.edu/research/ctr/pdf_reports/0_6634_1.pdf
• 
• Summary URL:
  ftp://ftp.dot.state.tx.us/pub/txdot-info/rti/psr/6634.pdf
• Supplemental Notes:
  • Project Title: Potential Value Extraction from TxDOT’s Right of Way and Other Property Assets. Report Date: May 2012; Published: July 2012
• Corporate Authors:

  University of Texas, Austin

  Center for Transportation Research, 1616 Guadalupe Street
  Austin, TX  United States  78701-1255

  Texas Department of Transportation

  Research and Technology Implementation Office, P.O. Box 5080
  Austin, TX  United States  78763-5080

  Federal Highway Administration

  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Authors:
  • Prozzi, Jolanda
  • Paes, Thiago
  • Loftus-Otway, Lisa
  • Caldas, Carlos
• Publication Date: 2012-7

Language

• English

Media Info

• Media Type: Web
• Edition: Technical Report
• Features: Appendices; Figures; Photos; References; Tables;
• Pagination: 487p

Subject/Index Terms

• TRT Terms: Advertising; Airspace utilization; Asset management; Biomass; Decision making; Financing; Geothermal resources; Leasing; Maintenance; Property management; Property values; Stakeholders; Wildlife crossings
• Identifier Terms: Texas Department of Transportation
• Uncontrolled Terms: Carbon sequestration; Revenue generation; Solar panels; Wind turbines
• Subject Areas: Administration and Management; Finance; Highways; I10: Economics and Administration;

Filing Info

• Accession Number: 01444330
• Record Type: Publication
• Report/Paper Numbers: FHWA/TX-12/0-6634-1, Report 0-6634-1
• Contract Numbers: 0-6634
• Files: TRIS, USDOT, STATEDOT
• Created Date: Aug 28 2012 8:12AM