Value Capture for Transportation Finance

Value Capture for Transportation Finance

Author:

Publisher:

Published: 2009

Total Pages: 382

ISBN-13:

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Download or read book Value Capture for Transportation Finance written by and published by . This book was released on 2009 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Innovation in Public Transport Finance

Innovation in Public Transport Finance

Author: Shishir Mathur

Publisher: Routledge

Published: 2016-05-23

Total Pages: 229

ISBN-13: 1317116445

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With all levels of governments currently, and for the foreseeable future, under significant fiscal stress, any new transit funding mechanism is to be welcomed. Value capture (VC) is one such mechanism, which involves the identification and capture of a public infrastructure-led increase in property value. This book reviews four major VC mechanisms: joint development projects; special assessment districts; impact fees; and tax increment financing; all of which are used to fund transit in the United States. Through the study of prominent examples of these VC mechanisms from across the US, this book evaluates their performance focusing on aspects such as equity, revenue-generating potential, stakeholder support, and the legal and policy environment. It also conducts a comparative assessment of VC mechanisms to help policy makers and practitioners to choose one, or a combination of VC mechanisms. Although the book focuses on the US, the use of the VC mechanisms and the urgent need for additional revenue to fund public transportation are world-wide concerns. Therefore, an overview of the VC mechanisms in use internationally is also provided.


Book Synopsis Innovation in Public Transport Finance by : Shishir Mathur

Download or read book Innovation in Public Transport Finance written by Shishir Mathur and published by Routledge. This book was released on 2016-05-23 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: With all levels of governments currently, and for the foreseeable future, under significant fiscal stress, any new transit funding mechanism is to be welcomed. Value capture (VC) is one such mechanism, which involves the identification and capture of a public infrastructure-led increase in property value. This book reviews four major VC mechanisms: joint development projects; special assessment districts; impact fees; and tax increment financing; all of which are used to fund transit in the United States. Through the study of prominent examples of these VC mechanisms from across the US, this book evaluates their performance focusing on aspects such as equity, revenue-generating potential, stakeholder support, and the legal and policy environment. It also conducts a comparative assessment of VC mechanisms to help policy makers and practitioners to choose one, or a combination of VC mechanisms. Although the book focuses on the US, the use of the VC mechanisms and the urgent need for additional revenue to fund public transportation are world-wide concerns. Therefore, an overview of the VC mechanisms in use internationally is also provided.


Value Capture for Transportation Finance

Value Capture for Transportation Finance

Author:

Publisher:

Published: 2009

Total Pages: 64

ISBN-13:

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Download or read book Value Capture for Transportation Finance written by and published by . This book was released on 2009 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Value Capture and Land Policies

Value Capture and Land Policies

Author: Gregory K. Ingram

Publisher: Lincoln Inst of Land Policy

Published: 2012

Total Pages: 465

ISBN-13: 9781558442276

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"Attention to value capture as a source of public revenue has been increasing in the United States and internationally as some governments experience declines in revenue from traditional sources and others face rapid urban population growth and require large investments in public infrastructure. Privately funded improvements by land-owners can increase the value of their land and property. Public actions, such as investments in infrastructure, the provision of public services, and planning and land use regulation, can also affect the value of land and property. Value capture is a means to realize as public revenue some portion of that increase in value through various revenue-raising instruments. This book, based on the Lincoln Institute of Land Policy's sixth annual land policy conference in May 2011, examines the concept of value capture, its forms, and applications. The first section, on the conceptual framework and history of value capture, reviews its relationship to compensation for partial takings; the long history of value capture policies in Britain and France; and the remarkable expansion of tax increment financing in California. The second section reviews the application of particular instruments of value capture, including the conversion of rural to urban land in China, town planning schemes in India, and community benefit agreements. The third section focuses on ends instead of means and examines the use of value capture by community land trusts to provide affordable housing, the use of land development to finance transit, and the use of various fees to fund airports. The final section explores potential extensions of value capture mechanisms to tax-exempt nonprofits and to the management of state trust lands in the United States."--Publisher's website.


Book Synopsis Value Capture and Land Policies by : Gregory K. Ingram

Download or read book Value Capture and Land Policies written by Gregory K. Ingram and published by Lincoln Inst of Land Policy. This book was released on 2012 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Attention to value capture as a source of public revenue has been increasing in the United States and internationally as some governments experience declines in revenue from traditional sources and others face rapid urban population growth and require large investments in public infrastructure. Privately funded improvements by land-owners can increase the value of their land and property. Public actions, such as investments in infrastructure, the provision of public services, and planning and land use regulation, can also affect the value of land and property. Value capture is a means to realize as public revenue some portion of that increase in value through various revenue-raising instruments. This book, based on the Lincoln Institute of Land Policy's sixth annual land policy conference in May 2011, examines the concept of value capture, its forms, and applications. The first section, on the conceptual framework and history of value capture, reviews its relationship to compensation for partial takings; the long history of value capture policies in Britain and France; and the remarkable expansion of tax increment financing in California. The second section reviews the application of particular instruments of value capture, including the conversion of rural to urban land in China, town planning schemes in India, and community benefit agreements. The third section focuses on ends instead of means and examines the use of value capture by community land trusts to provide affordable housing, the use of land development to finance transit, and the use of various fees to fund airports. The final section explores potential extensions of value capture mechanisms to tax-exempt nonprofits and to the management of state trust lands in the United States."--Publisher's website.


Value Capture for Transportation Finance

Value Capture for Transportation Finance

Author: Mike Iacono

Publisher:

Published: 2011

Total Pages: 0

ISBN-13:

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As vehicles become more fuel-efficient and overall levels of travel stagnate in response to increases in fuel prices, conventional sources of revenue for transportation finance such as taxes on motor fuels have been put under increasing pressure. One potential replacement as a source of revenue is a set of policies collectively referred to as value capture policies. In contrast to fuel taxes and other instruments that impose charges on users of transportation networks, value capture policies seek 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 a set of eight policies that contain elements of the value capture approach. These policies include land value taxes, tax increment financing, 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: efficiency, equity, sustainability (in terms of revenue adequacy and stability), and feasibility. The value capture concept is placed within a more general framework of transportation finance that emphasizes the relationship between different types of charges and groups of beneficiaries from transportation investments.


Book Synopsis Value Capture for Transportation Finance by : Mike Iacono

Download or read book Value Capture for Transportation Finance written by Mike Iacono and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: As vehicles become more fuel-efficient and overall levels of travel stagnate in response to increases in fuel prices, conventional sources of revenue for transportation finance such as taxes on motor fuels have been put under increasing pressure. One potential replacement as a source of revenue is a set of policies collectively referred to as value capture policies. In contrast to fuel taxes and other instruments that impose charges on users of transportation networks, value capture policies seek 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 a set of eight policies that contain elements of the value capture approach. These policies include land value taxes, tax increment financing, 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: efficiency, equity, sustainability (in terms of revenue adequacy and stability), and feasibility. The value capture concept is placed within a more general framework of transportation finance that emphasizes the relationship between different types of charges and groups of beneficiaries from transportation investments.


Harnessing Value for Transportation Investment

Harnessing Value for Transportation Investment

Author:

Publisher:

Published: 2009

Total Pages: 16

ISBN-13:

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Download or read book Harnessing Value for Transportation Investment written by and published by . This book was released on 2009 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Innovative Transportation Finance

Innovative Transportation Finance

Author: Shaun E. Tooley

Publisher:

Published: 2010

Total Pages: 334

ISBN-13:

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Transportation finance has been historically dominated by assessing taxes to transportation users and taxes on the general public. Innovative financing mechanisms such as tax increment financing, special assessment districts, and others represent value capture techniques that tax property owners to pay for transportation costs. Value capture techniques provide supplemental funds to support capital construction costs but are not substitutes for existing dedicated and traditional tax revenue methods. The major findings of Texas practice indicate that tax increment financing for transit does not significantly contribute towards the transit infrastructure. Instead tax increment funds finance the improvement of public infrastructure surrounding transit stations and stops and can be labeled transit-supportive investments.


Book Synopsis Innovative Transportation Finance by : Shaun E. Tooley

Download or read book Innovative Transportation Finance written by Shaun E. Tooley and published by . This book was released on 2010 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transportation finance has been historically dominated by assessing taxes to transportation users and taxes on the general public. Innovative financing mechanisms such as tax increment financing, special assessment districts, and others represent value capture techniques that tax property owners to pay for transportation costs. Value capture techniques provide supplemental funds to support capital construction costs but are not substitutes for existing dedicated and traditional tax revenue methods. The major findings of Texas practice indicate that tax increment financing for transit does not significantly contribute towards the transit infrastructure. Instead tax increment funds finance the improvement of public infrastructure surrounding transit stations and stops and can be labeled transit-supportive investments.


Understanding Value Capture as a Transportation Finance Strategy in Massachusetts

Understanding Value Capture as a Transportation Finance Strategy in Massachusetts

Author:

Publisher:

Published: 2013

Total Pages: 6

ISBN-13:

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Download or read book Understanding Value Capture as a Transportation Finance Strategy in Massachusetts written by and published by . This book was released on 2013 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Value Capture for Transportation Finance in Minnesota

Value Capture for Transportation Finance in Minnesota

Author:

Publisher:

Published: 2015

Total Pages: 12

ISBN-13:

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Download or read book Value Capture for Transportation Finance in Minnesota written by and published by . This book was released on 2015 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Public Transportation: Federal Role in Value Capture Strategies for Transit Is Limited, but Additional Guidance Could Help Clarify Policies

Public Transportation: Federal Role in Value Capture Strategies for Transit Is Limited, but Additional Guidance Could Help Clarify Policies

Author: David Wise

Publisher: DIANE Publishing

Published: 2010-11

Total Pages: 55

ISBN-13: 1437937268

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State and local gov¿ts. are looking for alternative strategies to help fund transit systems. Value capture strategies (VCS) -- joint develop., special assessment dist., tax increment financing, and development impact fees -- are designed to dedicate to transit either a portion of increased tax revenue or additional revenue through assessments, fees, or rents based on value expected to accrue as a result of transit investments. This report reviewed: (1) the extent to which transit agencies and local gov¿ts. use joint develop. and other VCS to finance transit; (2) what stakeholders have identified as facilitators of, or hindrances to, the use of these; and (3) what stakeholders have said about the effects of fed. policies and programs on the use of these strategies. Illus.


Book Synopsis Public Transportation: Federal Role in Value Capture Strategies for Transit Is Limited, but Additional Guidance Could Help Clarify Policies by : David Wise

Download or read book Public Transportation: Federal Role in Value Capture Strategies for Transit Is Limited, but Additional Guidance Could Help Clarify Policies written by David Wise and published by DIANE Publishing. This book was released on 2010-11 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: State and local gov¿ts. are looking for alternative strategies to help fund transit systems. Value capture strategies (VCS) -- joint develop., special assessment dist., tax increment financing, and development impact fees -- are designed to dedicate to transit either a portion of increased tax revenue or additional revenue through assessments, fees, or rents based on value expected to accrue as a result of transit investments. This report reviewed: (1) the extent to which transit agencies and local gov¿ts. use joint develop. and other VCS to finance transit; (2) what stakeholders have identified as facilitators of, or hindrances to, the use of these; and (3) what stakeholders have said about the effects of fed. policies and programs on the use of these strategies. Illus.