Peer Exchanges  

Value Capture Tool Summary

Download as PDF


Table 1: Comprehensive List of Transportation Value Capture (VC) Tools
        Who Pays?
VC Category VC Tool/Technique States with Case Examples Identified Mandated, Negotiated or Market-Based Taxpayers (Existing Tax Base, No New Taxes) Property/ Business Owners/Tenants Developers Private Investors/ Corporate Sponsors
I. Property and Other Ad Valorem Taxes (e.g., Land Value Taxes) Tax Increment Financing (TIF) (VC Enabler, No New Taxes) CA, FL, GA, IL, IN, NJ, OR, PA, WA Mandated      
TIF Districts (e.g., Tax Allocation Districts, Transportation Reinvestment Zones, Urban Renewal Areas (TAD/TRZ/ URA)) (VC Enabler, No New Taxes) GA, OR, TX      
II. Special Assessments, Taxes and Fees (Non Ad Valorem) Special or Benefits Assessment Districts DC, FL, MI, NV, TX, VA Mandated      
Business/Community/Local Improvement or Community Facility Districts (BID/CID/ LID/CFD) CA, GA, ID, MO, OR, WA      
Transportation Improvement or Development Districts (TID/TDD) CO, FL, KS, OH, VA      
Special Service Areas (SSA) IL      
Sales Tax Districts AZ, CA, CO, DC,
IL, LA, MN, MO,
NC,NV, NY, OR, TX, WA
     
Local Option Transportation Taxes (LOTT)        
Transportation Utility Fees OR      
IIIa. Developer In-Lieu Fees Impact Fees CA, CO, FL, GA,
ID, MA, MD, OR, VA, WA, WY
Mandated      
Linkage Fees      
Mobility and Related Fees (e.g, Road or Traffic Impact Fees, Intersection Development Charges (IDC), System Development Charges (SDC))      
IIIb. Developer Negotiated Exactions/ Agreements/Fair Share Mitigation Land Dedications CA, CO, FL, NY,
OR, PA, TX, VA, WA
Negotiated      
In-Kind Facility and/or Service Contributions      
Development Agreements      
Community Benefits Agreements (CBA)      
IV. Development Rights and Other Entitlements Related Joint Developments CA, NY, OR, VA Negotiated  
Transfer of Development Rights (TDR)  
ROW Use Agreements CA, CO, DC, KY, OH  
Naming Rights CA, OH, MA, NY, PA  
Solar Energy Uses CA, CO, MA, MD, MI, OR  
V. Others VC- Based Revenue Generators Private Contributions CA, FL, IL, KY, NV,
OH, OK, PA, VA, WA, WV
Negotiated    
Asset Recycling (Lease/ Sales) CO, IL, IN, MD, OH, PR, VA    
Certificates of Potential Additional Construction (CEPACs) Brazil (Sao Paulo) Market-Based
Vi. Other Relevant "Financing" Enablers Transportation Corporations CA, FL, MO, TX Mandated  
State Infra Banks (SIBs)    
Infra Financing Districts (IFDs)