A REVIEW OF TRB ACTIVITES: JOINT DEVELOPMENT AND VALUE CAPTURE

The concepts of joint development and value capture are summarized and the highlights of the TRB Committee conference are presented. Joint development is the use of corridors, station and stop areas to gain greater economic return on public transit investment and to achieve an improved environmental relation between transportation and land uses. Value capture is the returning to the public a portion of the increased value that attaches to private property by virtue of the development, with public tax money, of a public facility. The role that joint development and value capture will play in the financing and implementation of Dade county's regional transit system development program is described. An alternative analysis that takes into account detailed socioeconomic impact criteria, including joint development is presented and the need for close coordination between the transit system develompent activities and the local community planning process is addressed. The enabling statutes and constraints of planning joint development are discussed as well as the importance of joint development to the achievement of CBD development plans in Miami. A review of the historical land development changes that have occurred in the Toronto region as a result of the transit planning program are included, as well as the evolution and various results of joint development planning and activity in the U.S. and Canada during the past 15 years. Differing views of the best course of legislative and administrative action to encourage joint development were presented. UMTA emphasized that the entire exchange among local, state, and federal officials was critically needed.

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• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Harmon, R J
• Publication Date: 1977

Media Info

• Features: Photos;
• Pagination: p. 6-7
• Serial:
  • Transportation Research News
  • Issue Number: 69
  • Publisher: Transportation Research Board
  • ISSN: 0738-6826

Subject/Index Terms

• TRT Terms: Central business districts; Development; Finance; Intergovernmental relations; Joint development; Land use; Laws; Present value; Public transit; Real estate development; Regional planning; Socioeconomic factors; Transportation; Transportation planning
• Uncontrolled Terms: Value
• Geographic Terms: United States
• Subject Areas: Economics; Finance; Planning and Forecasting; Society; Transportation (General);

Filing Info

• Accession Number: 00155980
• Record Type: Publication
• Files: TRIS, TRB
• Created Date: Aug 15 1981 12:00AM