Innovation in public transport finance : property value capture

著者

    • Mathur, Shishir

書誌事項

Innovation in public transport finance : property value capture

Shishir Mathur

(Transport and mobility series)

Ashgate, c2014

  • : hbk

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注記

Includes bibliographical references and index

内容説明・目次

内容説明

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.

目次

  • Chapter 1 The Evolution of Public Transportation Funding in the US
  • Chapter 2 Basis of Value Capture
  • Chapter 3 Use of Value Capture Internationally
  • Chapter 4 Use of Property Value Capture in the US
  • Chapter 5 Special Assessment District
  • Chapter 6 Joint Development Projects
  • Chapter 7 Tax Increment Financing
  • Chapter 8 Transit Impact Fees
  • Chapter 9 Application of Case Study Findings
  • Chapter 10 The Way Forward

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