Understanding Value Capture As A Transportation Finance Strategy In Massachusetts

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Value Capture and Land Policies

Author : Gregory K. Ingram
Publisher : Lincoln Inst of Land Policy
ISBN 13 : 9781558442276
Total Pages : 465 pages
Book Rating : 4.4/5 (422 download)

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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.

Implementing Value Capture in Latin America

Author : Martim Oscar Smolka
Publisher : Lincoln Inst of Land Policy
ISBN 13 : 9781558442849
Total Pages : 68 pages
Book Rating : 4.4/5 (428 download)

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Book Synopsis Implementing Value Capture in Latin America by : Martim Oscar Smolka

Download or read book Implementing Value Capture in Latin America written by Martim Oscar Smolka and published by Lincoln Inst of Land Policy. This book was released on 2013 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The report examines a variety of specific instruments and applications in municipalities throughout the region under three categories: property taxation and betterment contributions; exactions and other direct negotiations for charges for building rights or the transfer of development rights; and large-scale approaches such as development of public land through privatization or acquisition, land readjustment, and public auctions of bonds for purchasing building rights. It concludes with a summary of lessons learned and recommends steps that can be taken in three spheres: Learn from Implementation Experiences Increase Knowledge about Theory and Practice Promote Greater Public Understanding and Participation

Transit-oriented Development in the United States

Author : Robert Cervero
Publisher : Transportation Research Board
ISBN 13 : 0309087953
Total Pages : 534 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis Transit-oriented Development in the United States by : Robert Cervero

Download or read book Transit-oriented Development in the United States written by Robert Cervero and published by Transportation Research Board. This book was released on 2004 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financing Transit-Oriented Development with Land Values

Author : Hiroaki Suzuki
Publisher : World Bank Publications
ISBN 13 : 1464801509
Total Pages : 267 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Financing Transit-Oriented Development with Land Values by : Hiroaki Suzuki

Download or read book Financing Transit-Oriented Development with Land Values written by Hiroaki Suzuki and published by World Bank Publications. This book was released on 2015-01-15 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides cities with strategies and methodologies for applying land value capture financing schemes for capital-intensive transit and transit-related investments, based on the successful experiences of Mass Transit Railway Corporation in Hong Kong SAR, China, and Japanese railway companies in Tokyo metropolitan areas.

Sustainable Urban Transport Financing from the Sidewalk to the Subway

Author : Arturo Ardila-Gomez
Publisher : World Bank Publications
ISBN 13 : 1464807574
Total Pages : 111 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Sustainable Urban Transport Financing from the Sidewalk to the Subway by : Arturo Ardila-Gomez

Download or read book Sustainable Urban Transport Financing from the Sidewalk to the Subway written by Arturo Ardila-Gomez and published by World Bank Publications. This book was released on 2015-12-31 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: Urban transport systems are essential for economic development and improving citizens' quality of life. To establish high-quality and affordable transport systems, cities must ensure their financial sustainability to fund new investments in infrastructure while also funding maintenance and operation of existing facilities and services. However, many cities in developing countries are stuck in an "underfunding trap" for urban transport, in which large up-front investments are needed for new transport infrastructure that will improve the still small-scale, and perhaps, poor-quality systems, but revenue is insufficient to cover maintenance and operation expenses, let alone new investment projects. The urban transport financing gap in these cities is further widened by the implicit subsidies for the use of private cars, which represent a minority of trips but contribute huge costs in terms of congestion, sprawl, accidents, and pollution. Using an analytical framework based on the concept of "Who Benefits Pays," 24 types of financing instruments are assessed in terms of their social, economic and environmental impacts and their ability to fund urban transport capital investments, operational expenses, and maintenance. Urban transport financing needs to be based on an appropriate mix of complementary financing instruments. In particular for capital investments, a combination of grants †“from multiple levels of government†“ and loans together with investments through public private partnerships could finance large projects that benefit society. Moreover, the property tax emerges as a key financing instrument for capital, operation, and maintenance expenses. By choosing the most appropriate mix of financing instruments and focusing on wise investments, cities can design comprehensive financing for all types of urban transport projects, using multi-level innovative revenue sources that promote efficient pricing schemes, increase overall revenue, strengthen sustainable transport, and cover capital investments, operation, and maintenance for all parts of a public transport system, "from the sidewalk to the subway."

Value Capture for Transportation Finance

Author :
Publisher :
ISBN 13 :
Total Pages : 382 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Value Capture for Transportation Finance by :

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:

Unlocking Land Values to Finance Urban Infrastructure

Author : George E. Peterson
Publisher : World Bank Publications
ISBN 13 : 0821377108
Total Pages : 150 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Unlocking Land Values to Finance Urban Infrastructure by : George E. Peterson

Download or read book Unlocking Land Values to Finance Urban Infrastructure written by George E. Peterson and published by World Bank Publications. This book was released on 2009 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Land-based financing of urban infrastructure is growing in importance in the developing world. Why is it so difficult to finance urban infrastructure investment, when land values typically increase by more than the cost of investment? Unlocking Land Values to Finance Urban Infrastructure examines the theory underlying different instruments of land-based finance, such as betterment levies, developer exactions, impact fees, and the exchange of publicly owned land assets for infrastructure. It provides a wealth of case-study illustrations of how different land-based financing tools have been implemented, and the lessons learned from these experiences. This practical guide is designed to help expand the role of land-based financing in urban capital budgets in a way that strengthens urban infrastructure finance and urban land markets.

Innovative Infrastructure Financing Through Value Capture in Indonesia

Author :
Publisher :
ISBN 13 : 9789292628543
Total Pages : pages
Book Rating : 4.6/5 (285 download)

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Book Synopsis Innovative Infrastructure Financing Through Value Capture in Indonesia by :

Download or read book Innovative Infrastructure Financing Through Value Capture in Indonesia written by and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Urban Transportation Abstracts

Author :
Publisher :
ISBN 13 :
Total Pages : 622 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Urban Transportation Abstracts by :

Download or read book Urban Transportation Abstracts written by and published by . This book was released on 1985 with total page 622 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook on Transport Pricing and Financing

Author : Alejandro Tirachini
Publisher : Edward Elgar Publishing
ISBN 13 : 1800375557
Total Pages : 497 pages
Book Rating : 4.8/5 (3 download)

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Book Synopsis Handbook on Transport Pricing and Financing by : Alejandro Tirachini

Download or read book Handbook on Transport Pricing and Financing written by Alejandro Tirachini and published by Edward Elgar Publishing. This book was released on 2023-05-09 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking a comprehensive approach to two central, closely intertwined themes in the field of transport economics, this illuminating Handbook recognizes the critical socioeconomic importance of transport pricing and financing.

Innovation in Public Transportation

Author :
Publisher :
ISBN 13 :
Total Pages : 236 pages
Book Rating : 4.:/5 (3 download)

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Book Synopsis Innovation in Public Transportation by :

Download or read book Innovation in Public Transportation written by and published by . This book was released on 1978 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Interdisciplinary Research in Technology and Management

Author : Satyajit Chakrabarti
Publisher : CRC Press
ISBN 13 : 1000820823
Total Pages : 395 pages
Book Rating : 4.0/5 (8 download)

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Book Synopsis Interdisciplinary Research in Technology and Management by : Satyajit Chakrabarti

Download or read book Interdisciplinary Research in Technology and Management written by Satyajit Chakrabarti and published by CRC Press. This book was released on 2023-07-27 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: We live in an inter-connected world. In the era of Industry 4.0, technology is getting embedded more and more in the way ‘we learn, live, work, and play’. This progression is accelerating at a pace never seen before. Interdisciplinary and collaborative research across disciplines within the Technology domain and Management domain, and across the Technology-Management interface is opening up exciting new possibilities for solving problems whose solutions are beyond the scope of a single discipline, domain or practice, and helping to create a brave new world. The goal of this conference was to bring together scholars, researchers, consultants, and practitioners to share their interdisciplinary research and consultative work in Technology and Management. Selected papers were then peer-reviewed and authors were invited to present their work in the conference.

Innovative Infrastructure Financing through Value Capture in Indonesia

Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292628534
Total Pages : 251 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Innovative Infrastructure Financing through Value Capture in Indonesia by : Asian Development Bank

Download or read book Innovative Infrastructure Financing through Value Capture in Indonesia written by Asian Development Bank and published by Asian Development Bank. This book was released on 2021-05-01 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Indonesia needs significant additional infrastructure investment to sustain its economic growth. However, the COVID-19 pandemic has further limited the fiscal space of the government. This report proposes a new method to increase infrastructure investment based on the concept of value capture. The report studies how Indonesia's existing policies and regulations can be used to build a value capture framework that ensures the maximization of the social, economic, and environmental value of infrastructure investments. The framework focuses on strategies to deliver infrastructure projects that create greater value and, at the same time, generate funding for up-front investment.

Transportation Planning Handbook

Author : ITE (Institute of Transportation Engineers)
Publisher : John Wiley & Sons
ISBN 13 : 1118762355
Total Pages : 1204 pages
Book Rating : 4.1/5 (187 download)

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Book Synopsis Transportation Planning Handbook by : ITE (Institute of Transportation Engineers)

Download or read book Transportation Planning Handbook written by ITE (Institute of Transportation Engineers) and published by John Wiley & Sons. This book was released on 2016-08-01 with total page 1204 pages. Available in PDF, EPUB and Kindle. Book excerpt: A multi-disciplinary approach to transportation planning fundamentals The Transportation Planning Handbook is a comprehensive, practice-oriented reference that presents the fundamental concepts of transportation planning alongside proven techniques. This new fourth edition is more strongly focused on serving the needs of all users, the role of safety in the planning process, and transportation planning in the context of societal concerns, including the development of more sustainable transportation solutions. The content structure has been redesigned with a new format that promotes a more functionally driven multimodal approach to planning, design, and implementation, including guidance toward the latest tools and technology. The material has been updated to reflect the latest changes to major transportation resources such as the HCM, MUTCD, HSM, and more, including the most current ADA accessibility regulations. Transportation planning has historically followed the rational planning model of defining objectives, identifying problems, generating and evaluating alternatives, and developing plans. Planners are increasingly expected to adopt a more multi-disciplinary approach, especially in light of the rising importance of sustainability and environmental concerns. This book presents the fundamentals of transportation planning in a multidisciplinary context, giving readers a practical reference for day-to-day answers. Serve the needs of all users Incorporate safety into the planning process Examine the latest transportation planning software packages Get up to date on the latest standards, recommendations, and codes Developed by The Institute of Transportation Engineers, this book is the culmination of over seventy years of transportation planning solutions, fully updated to reflect the needs of a changing society. For a comprehensive guide with practical answers, The Transportation Planning Handbook is an essential reference.

The Massachusetts register

Author :
Publisher :
ISBN 13 :
Total Pages : 545 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis The Massachusetts register by :

Download or read book The Massachusetts register written by and published by . This book was released on 1995 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Innovation in Public Transport Finance

Author : Shishir Mathur
Publisher : Routledge
ISBN 13 : 1317116445
Total Pages : 229 pages
Book Rating : 4.3/5 (171 download)

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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.

Transportation Decision Making

Author : Kumares C. Sinha
Publisher : John Wiley & Sons
ISBN 13 : 1118169662
Total Pages : 576 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Transportation Decision Making by : Kumares C. Sinha

Download or read book Transportation Decision Making written by Kumares C. Sinha and published by John Wiley & Sons. This book was released on 2011-09-09 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pioneering text provides a holistic approach to decisionmaking in transportation project development and programming, whichcan help transportation professionals to optimize their investmentchoices. The authors present a proven set of methodologies forevaluating transportation projects that ensures that all costs andimpacts are taken into consideration. The text's logical organization gets readers started with asolid foundation in basic principles and then progressively buildson that foundation. Topics covered include: Developing performance measures for evaluation, estimatingtravel demand, and costing transportation projects Performing an economic efficiency evaluation that accounts forsuch factors as travel time, safety, and vehicle operatingcosts Evaluating a project's impact on economic development and landuse as well as its impact on society and culture Assessing a project's environmental impact, including airquality, noise, ecology, water resources, and aesthetics Evaluating alternative projects on the basis of multipleperformance criteria Programming transportation investments so that resources can beoptimally allocated to meet facility-specific and system-widegoals Each chapter begins with basic definitions and concepts followedby a methodology for impact assessment. Relevant legislation isdiscussed and available software for performing evaluations ispresented. At the end of each chapter, readers are providedresources for detailed investigation of particular topics. Theseinclude Internet sites and publications of international anddomestic agencies and research institutions. The authors alsoprovide a companion Web site that offers updates, data foranalysis, and case histories of project evaluation and decisionmaking. Given that billions of dollars are spent each year ontransportation systems in the United States alone, and that thereis a need for thorough and rational evaluation and decision makingfor cost-effective system preservation and improvement, this textshould be on the desks of all transportation planners, engineers,and educators. With exercises in every chapter, this text is anideal coursebook for the subject of transportation systems analysisand evaluation.