The initial results are set forth of a study that was designed to assist local decision makers in indentifying the full range of transit financing techniques, more systematically assessing the pros and cons of each local case, and choosing among alternative courses of action. The report reviews innovative financing techniques, many of which entail joint development and the related notion of value capture, evaluates the financing potential, institutional feasibility, and apparent promise for widespread application in the transit field. The innovative financing techniques are grouped into 3 categories: land, taxes, assessments and charges; and public land acquisition. It appears that combination on innovative financing techniques could defray about 5 to 15 percent of the capital cost associated with certain fixed guideway facilities. The possible payoffs from innovative techniques include: broadening the financial base for transit establishing an equitable allocation of costs; and enhancing the cost, effective of transit involvement.

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    • This paper appeared in Transportation Research Board Special Report No. 181, Urban Transportation Economics. It contains proceedings of Five Workshops on Pricing Alternatives, Economic Regulations, Labor Issues, Marketing, and Government Financing Responsibilities held by Transportation Research Board. Sponsored by Office of the Secretary, Federal Highway Administration, and Urban Mass Transportation Administration of DOT; Environmental Protection Agency; and Federal Energy Administration. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
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    Transportation Research Board

    500 Fifth Street, NW
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  • Authors:
    • Witherspoon, Robert
  • Publication Date: 1978

Media Info

  • Media Type: Digital/other
  • Pagination: pp 225-227
  • Serial:

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Filing Info

  • Accession Number: 00176527
  • Record Type: Publication
  • Files: TRIS, TRB, ATRI
  • Created Date: Nov 14 1981 12:00AM