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Development Agreements and Other Contract-Based Value Capture Techniques – The Primer
September 20 @ 1:00 pm - 3:00 pm
FHWA officially rolls out the Value Capture: Development Agreements and Other Contract-Based Primer on September 20th, 2023, at 1:00-3:00pm ET. The webinar will provide practical information for implementing Development Agreements, community benefits agreement (CBA) and joint development agreement (JDA), and other contract-based VC techniques (such as public right of way [ROW] use agreements). It includes overviews of these techniques, processes involved in implementing them, their role in key Value Capture opportunities and challenges, as well as real-world case examples of when and how best they can be used.
Many States’ laws authorize local authorities to conduct structured, bilateral negotiations with developers in order to obtain desired improvements in exchange for development rights. The extent to which a new development project can contribute to the provision of infrastructure or other public improvements depends on construction costs, lot size and configuration, parking ratios, market prices, and other factors related to the anticipated costs and revenues of the development project. All of these factors vary depending on the particular project and timing of development, so the magnitude of public benefits that can be provided is unpredictable and must be negotiated case by case. The DA strengthens the public planning process, encourages private participation in comprehensive planning and reduces the economic risk of development.
Join us to learn from experts to find out how DAs can assist your agency in achieving economic development goals. Learn about contract-based value capture techniques and how they provide solutions to achieve economic development goals
There is no cost to participate, but space is limited.
TARGET AUDIENCE: The webinar is designed to help State and local transportation staffs better understand the basic principles of development agreements and other contract-based value capture techniques with case studies. Participants will walk away with an understanding of the essential roles that will guide the development process and critical best practices. Join us to learn from experts to find out how DA can assist your agency achieve economic development goals!
This training is not being hosted by the Florida LTAP Center. For details about this training, please contact the event organizer directly.