Value Capture Mechanisms - Do you know?
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After the presentations, the facilitator will conduct a "game"
to reinforce several of the mechanisms available to capture value based
on actual case studies.
In this game:
- The attendees will be separated into groups of six to eight
people; attendees will be asked to sit with people they do not work
with or do not know;
- The facilitator will briefly describe the three cases and the
purpose of the exercise;
- Based on a real project, the name of which is disguised, the
case descriptions will describe the following:
- Nature of transportation improvement sought;
- Key players, usually the transportation agency, the local
government, and the developer/development community;
- A description of the funding plan and the funding "gap"
that value capture could address;
- Any challenges to realizing the project and/or the financing,
including opposition from certain groups, short political election
cycle, requirements to provide additional amenities, such as
affordable housing;
- Each table will be required to figure out which value capture
technique(s) are appropriate to fill the funding gap;
- On a poster paper, teach team will write down:
- Value capture mechanisms to be used;
- How this fits into the overall funding plan, including schedule,
support from other agencies, legal issues (i.e. need to pass
legislation); and
- Any other issues they felt had to be resolved to successfully
to integrate value capture mechanism;
- Each table will elect a speaker who will briefly come to the
front of the room and present their plan; this plan will be compared
with the other plan from the other group that had the same case;
- Following this, the facilitator will tell the assembled group
the real name of the case and what actually happened and compare
that with the suggested approaches.
