Tools for Port Authority Transportation Reinvestment Zones (TRZ) and TRZs for Multimodal Applications

In 2007, the Texas legislature created an innovative transportation funding mechanism called the transportation reinvestment zone (TRZ) that allows municipal and county governments to set aside local match contributions for the transportation projects most critical to their communities. TRZs are relatively new tools for infrastructure finance that allow governmental entities with taxing authority to set aside local match contributions for transportation projects and capture the land value increases that result from the transportation projects. In 2013, lawmakers made TRZs available to port authorities and navigation districts, the governmental entities that operate Texas ports. The main goal of this research project was to assist Texas Department of Transportation staff, Texas port authorities, and local government stakeholders in understanding port authority TRZs—how they work and how they might be of benefit to a port authority, its surrounding community, and the U.S. and Texas State Highway Systems. More specifically, this research aimed to: (a) document the processes for establishing Port Authority TRZs, (b) identify the TRZs that have been established to date, (c) develop a more systematic understanding of the types of projects that are TRZ eligible in the context of port authority TRZs and the interactions of TRZ funding in the context of port funding/finance and how that may vary across port types in Texas, (d) develop an understanding of land development in port jurisdictions, and (e) develop tools and guidance to facilitate the implementation process of port TRZs. The findings of this research are summarized in this report.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Edition: Technical Report
  • Features: Appendices; Figures; Maps; References; Tables;
  • Pagination: 94p

Subject/Index Terms

Filing Info

  • Accession Number: 01633755
  • Record Type: Publication
  • Report/Paper Numbers: FHWA/TX-17/0-6890-1, Report 0-6890-1
  • Contract Numbers: Project 0-6890
  • Files: TRIS, ATRI, USDOT, STATEDOT
  • Created Date: Mar 28 2017 2:36PM