EDC-5 Resources

Value Capture: Capitalizing on the Value Created by Transportation - Speaker Biographies

November 8, 2018

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Speaker Biographies

Sasha Page (facilitator)

Mr. Sasha Page is a Principal at IMG Rebel, a financial advisory firm based in Washington, D.C. He has over two decades of experience advising on infrastructure finance, project development, and public private partnerships in the U.S. and internationally for transportation, utility, and social infrastructure. Mr. Page has advised US state departments of transportation and agencies in California, Colorado, Florida, Illinois, Louisiana, Texas, and Virginia on finance and P3 issues and leads IMG financial advisory team for the US Department of Transportation's TIFIA credit program, having advised on over $20B of toll road, bridge, and other transportation transactions. Mr. Page recently co-authored Value Capture Financing Guide for Public Transportation Projects a handbook for transit and public agencies on how to optimize use of real estate value capture in realizing critical transit and other infrastructure with private partners (see: https://www.nap.edu/download/23682). He has also has advised on a number of transportation projects involving the use of value capture techniques, including in Boston ($3B Green Line Extension), Denver ($160M streetcar and light rail value capture), Chapel Hill/Durham ($1.6B light rail P3 and value capture), Los Angeles to San Francisco ($43B high-speed rail P3 and value capture), Miami-Dade (multi-billion, BRT, LRT, commuter rail value capture), and San Francisco ($1.6B station value capture).

Stefan Natzke

Stefan Natzke is the Team Leader for National Systems and Economic Development at the Federal Highway Administration (FHWA). Among its responsibilities, this office examines how transportation investments influence local or regional economic growth.

Stefan has over 25 years of experience in a variety of policy and planning positions at the U.S. Department of Transportation, including economic research into the national and industry-level impacts of highway investment, local and regional economic development impacts of highways, multi-State corridor studies, intermodal and freight planning, and congressional affairs.

Stefan was the FHWA liaison on the panel that directed development of the National Cooperative Highway Research Program's "Guidebook to Funding Transportation Through Land Value Return and Recycling" (NCHRP Research Report 873). He was also FHWA's representative on the expert task group that developed the SHRP2 economic analysis tools bundle, now known as AASHTO's EconWorks database of the economic development benefits of transportation projects.

Prior to government service, Stefan worked for A.T. Kearney, Inc., an international management consulting firm, on various environmental economics projects, including social cost estimation and regulatory impact analysis for numerous U.S. Federal agencies.

He holds a Master of Urban Planning degree from the University of Michigan.

Kevin Moody

Kevin Moody is an Infrastructure Ecologist Team Leader in the Federal Highway Administration's Resource Center - Office of Technical Services. He specializes in making multi-sector project delivery ecosystems more efficient and effective. He works primarily with local transportation agencies that aim to minimize life cycle costs, and to maximize the benefits of project investment decisions. Moody is a nationally recognized expert in combined economic and environmental impacts analyses, and a contributor to internationally recognized work in the monetization of project benefits. He started as a statistical advisor for value capture-like projects in the 1980's, and made significant contributions to the field in the energy and water development sectors before shifting to the transportation sector. Moody leads initiatives in multi-agency collaborative enterprises; road ecology, conservation, and animal - vehicle collision countermeasures; using advanced technologies in natural hazards management; enterprise risk management and environmental management systems; and developing models to reverse "shrinking cities" trends.

Leon Corbett

Leon Corbett represents MGT Consulting Group, a national management consulting firm where he assists government clients with project finance, cost accounting, user fee studies and other financial services. Prior to MGT, Corbett gained ten years of experience in finance, project management, and public private partnerships (P3s) as the statewide Project Finance Manager for the Florida Department of Transportation (FDOT).

At FDOT he helped develop a $7 billion P3 program and deliver the first availability payment P3 in the United States. He oversaw the management of Florida's State Infrastructure Bank and developed financial policies for the state's growing express lanes network. Prior to departing FDOT he led the Department's implementation of the Transportation Financing Corporation, advancing $600 million in improvements at the interchange of I-95 and I-595.

His project experience also includes the Miami Intermodal Center, a $2 billion program of infrastructure projects at the Miami International Airport. That included the advancement of the consolidated Rental Car Facility. As a leading example of value capture, the Rental Car Facility was funded through a combination of innovative financing and partnership between U.S.D.O.T., the airport, FDOT, local government, and rental car companies.

Prior to FDOT, Corbett served as Director of Advertising and Direct Marketing for VISIT FLORIDA, a public-private partnership serving as the state's official tourism marketing corporation. Corbett has a BA from Wake Forest University and an MBA from Florida State University. He recently earned the Project Management Professional certification. He is based in Tallahassee.