Value Increase and Value Capture: The Case of TH-610 in Maple Grove, Minnesota

As a natural extension of University of Minnesota value capture study in 2009, this project demonstrates the application of value-capture strategies to supplement transportation funding for the completion of Trunk Highway (TH)-610 in Maple Grove, Minnesota. Using spatial and regression analysis, the author estimates that the completion of TH-610, with two additional exits, would lead to a significant growth in assessed property value, including about $12 million in land value and $5 million in buildings. The growth would result in about $4.3 million in property tax capacity, and about $1 million in annual property tax revenue. With multiple scenarios of hypothetical value-capture designs, the author estimates the revenue potential of value capture would range from about $12 million to about $37 million, which could be used to supplement project finance to expedite the completion of TH-610.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Edition: Final Report
  • Features: Figures; Maps; References; Tables;
  • Pagination: 36p

Subject/Index Terms

Filing Info

  • Accession Number: 01519406
  • Record Type: Publication
  • Report/Paper Numbers: 2014-03, CTS Project # 2013006
  • Contract Numbers: (C) 99008 (WO) 52
  • Files: TRIS, ATRI, STATEDOT
  • Created Date: Mar 18 2014 2:11PM