For the past several years, the presence of public transit has proven to have the potential to boost the value of some nearby properties, leading to more attractive opportunities for developers. Planners and policy makers have started to work with local governments to allocate a portion of the value gained by transit lines to funding system expansion and improvement.
Called “value capture,” the process can be used to help fund new transit systems, expand existing ones and modernize stations and terminals.
In this webinar hosted by the Center for Urban Transportation Research, UTC transportation planner/analyst Jordan Snow will discuss completed site visits to New York, Washington and San Francisco and plans to finalize case studies. Research included studying trends in communication, hiring, and project preparation among local governments and the private development sector to identify any best practices. A literature review and preliminary research showed that sound models for value capture coordination still need to be developed and the outcome of this project will be a report featuring recommendations for best practices for transportation agencies, taxing authorities, and private developers.
Recording ID: value-capture
Recording Key: not required
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