Value Capture for Transportation Finance | Zendy

Zhirong Jerry Zhao | Zendy; Michael Iacono | Zendy; Adeel Lari | Zendy; David Levinson | Zendy

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Value Capture for Transportation Finance

Author(s) -

Zhirong Jerry Zhao,

Michael Iacono,

Adeel Lari,

David Levinson

Publication year - 2012

Publication title -

procedia - social and behavioral sciences

Language(s) - English

Resource type - Journals

ISSN - 1877-0428

DOI - 10.1016/j.sbspro.2012.06.1023

Subject(s) - value capture , revenue , equity (law) , value (mathematics) , land value , business , sustainability , finance , value creation , environmental economics , economics , microeconomics , natural resource economics , industrial organization , computer science , ecology , machine learning , political science , law , biology

Value capture seeks to generate revenue by extracting a portion of the gains in the value of land that result from improvements to transportation networks. In this paper we identify value capture strategies, including land value taxes, tax increment nancing, special assessments, transportation utility fees, development impact fees, negotiated exactions, joint development, and air rights. We evaluate each of the policies according to four criteria: efciency, equity, sustainability, and feasibility. The value capture concept is placed within a more general framework of transportation nance that emphasizes the relationship between different types of charges and groups of beneciaries from transportation investments

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