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Value Capture: Capital Improvement Program and Planning Elements

June 7, 2023 @ 1:00 pm - 3:00 pm

The Capital Improvement Program or Plan (CIP) is the primary means available to local governments for communicating their vision and infrastructure investment strategy to private investors, taxpayers, and the community at large. It constitutes evidence that the local government is focusing investments where they will be most productive, and the critical explanation for how local governments expect to use public investments to influence private investment decisions. By providing a planned schedule, cost estimates, and location of public sector improvements, the CIP provides private sector decision makers with valuable information that they, in turn, use to guide their own investments. The CIP is the tool that encourages private entities to make place-based investments that incidentally help the local government achieve desired growth and development outcomes. The CIP is the vital part of the local government’s comprehensive plan. It facilitates coordination within and between jurisdictions, which minimizes cascade failure risks and optimizes life cycle cost management. Most States mandate that a CIP, approved by the governing body, be in place before Value Capture impact fees, assessments, and tax incremental finance revenue techniques can be imposed.

This webinar will identify the building blocks and range of community change outcomes that make CIPs and the process of developing CIPs so valuable and will highlight the experiences and lessons learned from practitioners. Whether you already have a CIP for your roadway/ transportation needs, or, you simply have a “wish list,” and are wondering where to begin, this webinar is for you. This is your opportunity on June 7th, 2023, from 1:00pm-3:00pm ET to ask anything from where to start, to how to sustain a program, or how to communicate CIP plans to community and public officers. All questions related to transportation capital improvements are welcomed.

Register to learn about the capital improvement program or plan (CIP) tool that can be used for planning, fiscal management, and budgeting purposes.

TARGET AUDIENCE: Metropolitan and rural planning/programming organizations, states, cities, counties, townships, and tribal transportation professionals. Anyone involved in development or administration of the Value Capture Program Elements and capital budgeting and planning process.

Register

This training is not being hosted by the Florida LTAP Center.  For details about this training, please contact the event organizer directly.

Details

Date:
June 7, 2023
Time:
1:00 pm - 3:00 pm
Event Category:

Organizer

FHWA