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Value Capture Strategies: Incremental Growth Techniques and Case Studies
May 17, 2023 @ 1:00 pm - 3:00 pm
Tax Increment Finance/Tax Allocation District/Tax Increment Reinvestment Zones
Many States use tax increment financing (TIF) to raise value capture revenues for major transportation improvements. Virginia has used special assessment districts called transportation investment districts to fund both rail and highway improvements. Atlanta uses a type of tax allocation district (TAD) and special service area district (SSD) to fund the Atlanta Beltline project. Texas and Utah use a transportation-specific Tax Increment Revenue called a transportation reinvestment zone (TRZ) to fund road and highway investments.
On May 17, 2023, the Federal Highway Administration’s EDC-5 Value Capture Innovation Team will hold its Value Capture: Incremental Growth Techniques and Case Study webinar. The webinar will feature experts who have successfully implemented Tax Allocation Districts and Transportation Reinvestment zones to share their experiences with case studies. Value Capture Incremental Growth Strategies enable the States and locals to invest in transportation infrastructure and other improvements and pay for them by capturing the future increase in property tax revenues generated from the new development. Lacking funding, communities across the nation are ill prepared to meet the crises of infrastructure investment such as deteriorating infrastructure, rapid growth, urbanization, climate change, and many others. Value Capture incremental growth strategies can be a reliable and sustainable transportation gap funding tool. It also helps local governments in a variety of economic development goals, including job creation, growth in property values, and protection of the local tax base.
Is your State/local authority looking for new and innovative funding sources to help pay for urban, suburban, and rural public roads as well as spur economic development? Do you know which revenue tools are available to fund improved services and capital expenditures in your community? Do you need infrastructure to accommodate your communities’ anticipated growth? Do you need assistance in implementing Incremental Growth Techniques? Come to the Value Capture Webinar on May 17th, 2023 from 1:00-3:00pm ET to learn how value capture strategies can help your community and how it is used to help fund infrastructure to attract private investment, economic growth, and create jobs. Space is limited so you must register to reserve your space.
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
This training is not being hosted by the Florida LTAP Center. For details about this training, please contact the event organizer directly.