This 2009 paper by the Victoria Transport Policy Institute summarizes the findings of nearly 100 studies concerning the impacts of transit service on nearby property values, and the feasibility of capturing this additional value to finance transit improvements. The results indicate that proximity to transit often increases property values enough to offset some or all of transit system capital costs.
This 2009 paper was written by Reconnecting America's Center for Transit-Oriented Development. The paper summarizes the findings of previous studies that measure the impact of transit on nearby property values; provides a detailed discussion of the role of property owners and developers in value capture strategies; offers examples of tools currently used by transit agencies to capture the value of transit to help defray capital costs; and provides a framework for thinking about what kinds of value capture strategies are possible in a given situation.
This 2009 World Bank publication examines the various ways in which land values can be used to help pay for investment in urban infrastructure, in addition to their role as part of the property tax base. It focuses on the principles that underlie different land-based financing techniques, their efficiency in theory, and, above all, what we can learn from practical attempts to convert principles about land-based financing into practice in developing countries. Much of this practical application involves innovative use of public-private partnerships.
This 2009 report conducted by the University of Minnesota Center for Transportation Studies identifies eight policies involving value capture. These policies include land value taxes, tax increment financing, special assessments, transportation utility fees, development impact fees, negotiated exactions, joint development and air rights. Each policy is evaluated according to the following four criteria: efficiency, equity, sustainability, and feasibility. Legal and administration issues as they relate to implementation in the state of Minnesota are also examined.
The Municipal Research and Services Center of Washington is a private, non-profit organization based in Seattle, Washington. Under planning resources, impact fees are defined and related resources for ordinances, articles, statutes, studies and surveys are made available.
This paper summarizes the results of a detailed survey of impact fees that individual jurisdictions across the country are charging. The results of the survey reveal where impact fees are most common, how much jurisdictions in various states are charging, and the types of facilities (single-family detached, multi-family, retail, office and industrial) for which fees are being charged. Comparisons with surveys from previous years also show how fees have changed over time.
Appendix B of the Federal Transit Administration's joint development policy contains guidelines for undertaking joint development projects as part of the policy announced in the Federal Register on March 14, 1997. Frequently asked questions and responses to those questions can also be found in this document.
The Washington Metropolitan Area Transit Authority has a very active public-private joint development program that promotes transit-oriented development, attracts new riders to the transit system, creates new sources of revenue for the Authority to maintain the transit system and assists metro local area jurisdictions in recapturing a portion of their past financial contributions. This website provides links to local TOD project examples as well as joint development policies and guidelines which were approved in 2008.
This 2008 report was prepared for the City of Bozeman, Montana as part of the Street Impact Fee Ordinance adopted in 1996. The Ordinance was imposed to assist the City in providing adequate transportation facilities needed to accommodate roadway capacity used by new development, particularly for emergency-response vehicles. The report provides details of the transportation impact fee calculation and a proposed transportation fee schedule.