List of Figures
List of Tables
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The Federal Highway Administration (FHWA) provides high-quality information to serve Government, industry, and the public in a manner that promotes public understanding. Standards and policies are used to ensure and maximize the quality, objectivity, utility, and integrity of its information. FHWA periodically reviews quality issues and adjusts its programs and processes to ensure continuous quality improvement.
| Technical Report Documentation Page | ||||
| 1. Report No. FHWA-HIN-19-004 |
2. Government Accession No. | 3. Recipient's Catalog No. | ||
| 4. Title and Subtitle Value Capture Implementation Manual: Capitalizing on the Value Created by Transportation |
5. Report Date August 2019 |
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| 6. Performing Organization Code HIN-1 |
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| 7. Author(s) Daniel D'Angelo, Applied Research Associates, Inc.; Tayo Edun, Pauline Hovy, Herb Ladley, and Sasha Page, IMG Rebel Advisory, Inc.; Thay Bishop and Stefan Natzke, Federal Highway Administration |
8. Performing Organization Report No. | |||
| 9. Performing Organization Name And Address Federal Highway Administration Office of Innovative Program Delivery 1200 New Jersey Ave. S.E. Washington, DC 20590 |
10. Work Unit No. (TRAIS) | |||
| 11. Contract or Grant No. DTFH6113D00023 / 693JJ318F000237 |
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| 12. Sponsoring Agency Name and Address Federal Highway Administration Office of Policy and Governmental Affairs 1200 New Jersey Avenue, S.E. Washington, DC 20590 |
13. Type of Report and Period Final Report, August 2018-August 2019 |
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| 14. Sponsoring Agency Code HPL-1 |
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| 15. Supplementary Notes A Technical Working Group of public, private, and academic subject matter experts assisted the contractor and the FHWA Every Day Counts Value Capture Implementation Team in the development of this Manual. |
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| 16. Abstract This document provides information for State departments of transportation and local public agencies to consider implementing value capture. It covers value capture techniques and features, including developer contributions, transportation utility fees, special taxes and fees, tax increment financing, joint development, and naming rights. It includes options for making the business case for value capture, as well as overviews of the regulatory framework involved and risk management. Several case studies and examples are provided. |
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| 17. Key Words Value capture, highway finance, transit finance, innovative finance, public-private partnerships, real estate, transit-oriented development |
18. Distribution Statement No restrictions |
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| 19. Security Classif. (of this report) Unclassified |
20. Security Classif. (of this page) Unclassified |
21. No. of Pages 212 |
22. Price N/A |
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| Form DOT F 1700.7 (8-72) Reproduction of completed page authorized | ||||
The Federal Highway Administration (FHWA) would like to express appreciation to the following members of the Value Capture Implementation Manual Technical Working Group and acknowledges their valuable contribution of expertise and guidance throughout the development of this manual:
Jennifer Ahlin
Virginia Department of Transportation
Rafael Aldrete
Texas A&M Transportation Institute
William Ankner
Transportation Solutions
Rabinder Bains
Federal Transit Administration
Barry Benton
Greenman-Pedersen, Inc.
Jason Bittner
Applied Research Associates, Inc.
Andrée Blais
Nossaman LLP
Eric Bourassa
Metropolitan Area Planning Council (Boston)
Ken Buckeye
Minnesota Department of Transportation
Daniel D'Angelo
Applied Research Associates, Inc.
Steve DeWitt
ACS Infrastructure Development, Inc.
Lisa Dickson
Arup Americas
Tayo Edun
IMG Rebel
Michael Garvin
Virginia Tech
Herb Ladley
IMG Rebel
David Leininger
Leininger Analytics
Ben Orsbon
South Dakota Department of Transportation
Catherine Owens
Atlanta BeltLine, Inc.
Sasha Page
IMG Rebel
Tom Pelnik
Ernst & Young Infrastructure Advisors
Kishia Powell
City of Atlanta, Georgia
Sharada Vadali
Economic Insights and Research
Michael Weaver
Prime Strategies, Inc.
Gregory Wilkens
Butler County, Ohio
ABI - Atlanta BeltLine, Inc.
BATIC - Build America Transportation Investment Center
BID - business improvement district
CDOT - Colorado Department of Transportation
CFR - Code of Federal Regulations
DOT - Department of Transportation
FHWA - Federal Highway Administration
FONSI - finding of no significant impact
GDOT - Georgia Department of Transportation
KPI - key performance indicator
LEADER - Landowners Economic Alliance for the Dulles Extension of Rail
LID - local improvement district
MARTA - Metropolitan Atlanta Rapid Transit Authority
MoDOT - Missouri Department of Transportation
MoU - memorandum of understanding
MWAA - Metropolitan Washington Airports Authority
NEPA - National Environmental Policy Act
O&M - operations and maintenance
ODOT - Ohio Department of Transportation
P3 - public-private partnership
RRIF - Railroad Rehabilitation and Improvement Financing
SAD - special assessment district
SIB - State Infrastructure Bank
TAD - tax allocation district
TDD - transportation development district
TID - transportation improvement district
TIF - tax increment financing
TIFIA - Transportation Infrastructure Finance and Innovation Act
TRZ - transportation reinvestment zone
TUF - transportation utility fee
UBS - Union Bank of Switzerland
UDOT - Utah Department of Transportation
USDOT - U.S. Department of Transportation
VDOT - Virginia Department of Transportation
Cover photos source: FHWA All images in the document are sourced from FHWA, unless otherwise noted. Some of the map figures in this document were modified. The original maps used for Figure 23 on page 164, which includes overlays showing the location of the cap built over I-670 in Columbus, OH, and at left in Figure 25 on page 165 are the copyright property of Google® Earth™ and can be accessed from https://www.google.com/earth.
