May 11, 2012
The Mineta Transportation Institute in the US has released its newest research report, Decision Support Framework for Using Value Capture to Fund Public Transit: Lessons from Project-Specific Analysis. The research investigates the viability of land "value capture" (VC) to help generate revenue for transit provision. Five VC mechanisms are evaluated in depth, including tax increment financing (TIF), special assessment districts (SADs), transit impact fees, joint developments, and air rights. The report incl