Value Capture Strategies as Economic Development Tools: Tapping Value Capture Strategies to Improve Aging Infrastructure and Spur Economic Development

With the interstate highway system in its seventh decade, it is nearing the end of its useful service life with deteriorated condition and required modernization. Crumbling viaducts and other unsafe conditions call for costly emergency maintenance and an urgent fix. But rebuilding is complicated by rising construction costs, higher engineering and safety standards, scant funding, […]

Recurring

Every Day Counts Virtual Summit

EDC is a State-based model that identifies and rapidly deploys proven, yet underutilized innovations to improve safety for all users, shorten the project delivery process, create an equitable transportation system, and build sustainable and resilient infrastructure. The summit is an integral component of the EDC model, bringing together transportation leaders and front-line professionals responsible for […]

Recurring

Every Day Counts Virtual Summit

EDC is a State-based model that identifies and rapidly deploys proven, yet underutilized innovations to improve safety for all users, shorten the project delivery process, create an equitable transportation system, and build sustainable and resilient infrastructure. The summit is an integral component of the EDC model, bringing together transportation leaders and front-line professionals responsible for […]

Recurring

Every Day Counts Virtual Summit

EDC is a State-based model that identifies and rapidly deploys proven, yet underutilized innovations to improve safety for all users, shorten the project delivery process, create an equitable transportation system, and build sustainable and resilient infrastructure. The summit is an integral component of the EDC model, bringing together transportation leaders and front-line professionals responsible for […]

Value Capture Strategies: Innovative Finance and Project Bundling

States and local governments are challenged to address their aging infrastructure with limited resources. Evaluating the effectiveness of existing revenue sources, taking advantage of the most current Federal programs, and exploring the potential of new revenue sources can lead to an increase in available funding. However, finding ways to maximize the spending power of the […]

Value Capture Strategies: Developer Impact Fees and Other Fee-Based Development Charges – The Primer

Developer impact fees (DIFs) are also known as transportation impact fees, mobility fees, multimodal transportation impact fees, or system development charges. A DIF is a one-time fee assessed by local governments on developers to share in new or expanded infrastructure costs to the community that will directly address the increased demand for infrastructure and services […]

Value Capture Strategies: Transportation Reinvestment Zones – The Primer

Learn about Transportation Reinvestment Zones (TRZs) and how they help communities throughout the country narrow the existing funding gap while accelerating the delivery of critically needed transportation projects. Transportation Reinvestment Zones ("TRZs") are an innovative and powerful Value Capture Technique to generate funding for transportation projects by capturing and leveraging the economic growth associated with […]

Value Capture Strategies: Incremental Growth Techniques and Case Studies

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 […]

Value Capture: Capital Improvement Program and Planning Elements

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 […]