Federal Highway Administration (FHWA) EDC5: Value Capture
Dates: September 17-18, 2019
Exchange Host: Illinois DOT & Chicago Metropolitan Agency for Planning (CMAP)
Exchange Location: CMAP, 233 South Wacker Drive, Suite 800, Chicago, IL
Length of Exchange: 1.5 days
Value Capture Peers:
Subject Matter Expert: Julie Kim
Format:
Purpose of the event:
This FHWA EDC5 outreach effort is to provide a discussion with interested parties on the potential benefits of value capture techniques and to provide examples of how these techniques have been applied nationally. Information on FHWA's EDC5 value capture effort can be found at: https://www.fhwa.dot.gov/innovation/everydaycounts/edc_5/value_capture.cfm
Time | Topic | Lead Presenter |
---|---|---|
8:30 a.m. |
Welcome and Overview:
|
Terry Regan (Facilitator) Erin Aleman , CMAP Executive Director FHWA Illinois Division representative Stefan Natzke, FHWA |
8:50 a.m. | IDOT and CMAP overview of current activities and desired outcomes for the peer exchange |
Sam Beydoun, IDOT Elizabeth Schuh, CMAP |
9:15 a.m. |
Value capture techniques and facilitated discussion
|
Julie Kim, Subject Matter Expert |
10:00 a.m. | Break | |
10:15 a.m. |
Value Capture Enablers: Tax Increment Financing and Transportation Reinvestment Zone
|
Terry Regan (Moderator) Julie Kim, SME Elizabeth Schuh, CMAP Raymond Telles, CRRMA |
11:45 a.m. | Lunch | |
12:30 p.m. |
Special Taxes and Fees (Special Assessment Districts, Improvement Districts, Transportation Utility Fees)
|
Terry Regan (Moderator) Julie Kim, SME Brent Riddle, Fairfax County |
2:00 p.m. | Break | |
2:15 p.m. |
Developer Contributions (Impact Fees, Other In-Lieu Fees, Negotiated Exactions)
|
Terry Regan (Moderator) Julie Kim, SME Gregg Hostetler, Consor Engineering Scott Hamwey, MassDOT |
3:45 p.m. |
Wrap-up and charge for day 2
|
Terry Regan (Facilitator) |
4:30 p.m. | End of day 1 |
Time | Topic | Lead Presenter |
---|---|---|
8:30 a.m. |
Welcome and Overview of the Day Facilitator welcomes attendees, reviews the key take aways from Day 1 and provides context for Day 2 |
Terry Regan (Facilitator) |
8:45 a.m. |
Joint Developments and Others Tools Based on Development Rights and Entitlements
|
Terry Regan (Moderator) Julie Kim, SME Scott Hamwey, MassDOT |
10:30 a.m. | Break | |
10:45 a.m. |
Discussion, Identification of Key Take Aways, and Next Steps
|
Terry Regan (Moderator) |
12:00 p.m. | Wrap-up & Follow-up Actions | Terry Regan (Facilitator) |
12:30 p.m. | Adjourn |
Category | Technique | Definition |
---|---|---|
Developer Contributions | Impact Fees | Fees imposed on developers to help fund additional public services, infrastructure, or transportation facilities required due to the new development. |
Negotiated Exactions | Negotiated charges imposed on developers to mitigate the cost of public services or infrastructure required as a result of the new development. | |
Transportation Utility Fees | Transportation Utility Fees | Fees paid by property owners or building occupants to a municipality based on estimated use of the transportation system. |
Special Taxes and Fees | Special Assessment Districts | Fees charged on property owners within a designated district whose properties are the primary beneficiaries of an infrastructure improvement. |
Business Improvement Districts | Fees or levies charged on businesses within a designated district to fund or finance projects or services within the district's boundaries. | |
Land Value Taxes | Split tax rates, where a higher tax rate is imposed on land than on buildings. | |
Sales Tax Districts | Additional sales taxes levied on all transactions or purchases in a designated area that benefits from an infrastructure improvement. | |
Tax Increment Financing | Tax Increment Financing | Charges that capture incremental property tax value increases from an investment in a designated district to fund or finance the investment. |
Joint Development | At-grade Joint Development | Projects that occur within the existing development rights of a transportation project. |
Above-grade Joint Development | Projects that involve the transfer of air rights, which are development rights above or below transportation infrastructure. | |
Utility Joint Development | Projects that take advantage of the synergies of broadband and other utilities with highway right-of-way. | |
Naming Rights | Naming Rights | A transaction that involves an agency selling the rights to name infrastructure to a private company. |