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Value Capture: Making the Business and Economic Case–A Primer

January 2022
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APPENDIX A: Value Capture (VC) TECHNIQUES USED IN DIFFERENT PROJECT CONTEXTS–PROJECT EXAMPLES

Mode

Project Description

Project Funding Size ($ Million)

Land Value Capture Category

Project Name

State

Location

YR

Total

VC Share (%)

TIF

SAD

DIF

Other Developer Based

JDA/ROW Use/Zoning

Others

Local Roads

Lake Shannon Road Improvements

MI

Tyrone Suburban

2018

$1

$1 (100%)

 

✔︎

 

 

 

 

East Fifth St. Rehabilitation

OR

Newberg Suburban

2018

$2

$2 (100%)

 

✔︎
(TUF)

 

 

 

 

Century Garden Community Development

FL

Miami-Dade County Exurban

2019

$3

$2 (60%)

 

✔︎

 

 

 

 

Poplar Road Safety Improvements

VA

Stafford County Suburan

2016

$4

$2.3 (58%)

 

 

✔︎

 

 

 

The Cap at Union Station

OH

Columbus Urban

2004

$8

$8 (100%)

 

 

 

✔︎

✔︎
(ROW Use)

 

Hackberry Hidden Cove

TX

Hackbery Suburban

2017

$11

$100 (100%)

 

✔︎

 

✔︎

 

 

US Hwy 441/27 Utility Relocation

FL

Leesburg Suburban

2010

$12

$12 (100%)

✔︎

 

 

 

 

 

Tallgrass Creek Project

KS

Overland Park Suburban

2017

$12

$15 (100%)

 

✔︎
(TDD)

 

 

 

 

Las Vegas Skye Canyon Phase 3

NV

Las Vegas Urban

2020

$68

$68 (100%)

 

✔︎

 

✔︎

 

 

State Street Redevelopment

IN

W. Lafayette Urban

2019

$123

$123 (100%)

✔︎

 

 

 

 

 

BelRed Street Network

WA

Bellevue Suburban

2022

$323

$159 (49%)

✔︎

✔︎
(LID)

✔︎

 

✔︎
(Zoning Incentive)

✔︎
(Private Contribution)

Osceola County Roadway & Bridge Bundling

FL

Osceola County Suburban

n/a

$350

$350 (100%)

 

 

✔︎
(Mobility Fee)

 

 

 

Capitol Crossing/3rd Street Tunnel

DC

Washington

Urban

2022

$1,300

$1,300 (100%)

 

 

 

 

✔︎
(ROW Use)

 

High-ways, Bridges and Inter-changes

Conroy Road Bridge

FL

Orlando Exurban

2000

$28

$23 (82%)

✔︎

✔︎
(LID)

✔︎

 

 

 

Route 33 Interchange

PA

Easton Suburban

2015

$44

$37 (84%)

✔︎

 

 

✔︎
(Land &
In-Kind)

 

 

I-5 Fern Valley Interchange

OR

Phoenix Suburban

2016

$72

$7 (10%)

 

 

✔︎
(IDC/SDC)

 

 

 

I-5 Woodburn Interchange

OR

Woodburn Suburban

2015

$75

$8 (11%)

 

 

✔︎
(Traffic Impact Fee/
IDC)

 

 

 

Atlantic Station 17th Street Bridge

GA

Atlanta Urban

2005

$76

$76 (100%)

✔︎
(TAD)

✔︎

 

 

 

✔︎
(Private Contribution)

Route 36 Four Laning

MO

Hannibal to Macon Suburban

2010

$76

$34 (45%)

 

✔︎
(TDD, Sales Tax)

 

 

 

 

Americas Interchange (Phase 1)

TX

El Paso Suburban

2016

$141

$30 (21%)

✔︎
(TRZ)

 

 

 

 

 

Eleventh Street Bridge Project (Phase 1)

DC

Washington

Urban

2015

$309

$4 (1%)

 

 

 

 

 

✔︎
(Private Contribution)

King Coal Highway (Red Jacket Section)

WV

Southern WV

2011

$340

$150 (44%)

 

 

 

✔︎
(In-Kind)

 

✔︎
(Private Contribution)

I-15 Express Lanes

CA

Riverside County Suburban

2020

$461

$208 (45%)

 

✔︎
(LOTT)

 

 

 

 

Route 28 Corridor Improvements.

VA

Fairfax & Loudoun Counties

2017

$488

$433 (89%)

 

✔︎
(TID)

 

 

 

 

US 36 Express Lanes (Phase 1&2)

CO

Denver Metro Area

2015

$520

$142 (27%)

 

✔︎
(Sales Tax Dist; RTD)

 

 

 

 

I-285/SR400 Interchange Reconstruction

GA

Fulton & DeKalb Counties, Urban

mid-2020

$803

$10 (1%)

 

✔︎
(CID)

 

 

 

 

US 181 Harbor Bridge

TX

Corpus Christi Suburban

2021

$1,065

$39 (4%)

✔︎
(TRZ)

 

 

 

 

 

SR-91 Corridor Improvements

CA

Riverside Suburban

2017

$1,312

$709 (54%)

 

✔︎
(Sales Tax Dist)

 

 

 

 

Loop 202 S. Mountain Freeway

AZ

Phoenix Urban

2020

$1,837

$1,138 (62%)

 

✔︎
(LOTT)

 

 

 

 

Chicago Region Env, & Transp Efficiency (CREATE) Program

IL

Chicago Urban

On-going

$1,900

$375 (20%)

 

 

 

 

 

✔︎
(Private Contribution)

I-405 Improvements.

CA

Orange County

Exurban

2023

$1,908

$1,145 (60%)

 

✔︎
(Sales Tax District)

 

 

 

 

Assist Patrol Program (State Farm Safety Patrol)

OH

Statewide

On-going

n/a

$9 (n/a)

 

 

 

 

✔︎
(Naming Rights)

 

Mass DOT Highway ROW Solar

MA

Statewide

On-going

n/a

$17 (20 yrs)

 

 

 

 

✔︎
(Solar Energy)

 

I-96/M-44 Solar Canopy

MI

Grand Rapids Suburban

On-going

n/a

Annual

 

 

 

 

✔︎
(Solar Energy)

 

I-5 Highway Baldock Solar Station

OR

Wilsonville Suburban

On-going

n/a

n/a

 

 

 

 

✔︎
(Solar Energy)

 

Toll Roads/Highways

Orchard Pond Parkway

FL

Tallahassee Suburban

2016

$17

n/a

 

 

 

✔︎
(Land Dedication)

 

 

Poinciana

FL

Osceola & Polk Counties Suburban

2016

$141

$38 (27%)

 

 

 

✔︎

 

 

Puerto Rico
PR-22/PR-5 Lease

PR

Northern PR

2011 (40-yr lease)

$1,436

$1,080 (lease proc.)

 

 

 

 

 

✔︎
(Asset Recycling)

San Joaquin Hills Toll Road

CA

Orange County Suburban

1996

$1,456

$31 (2%)

 

 

✔︎

 

 

 

Chicago Skyway

IL

Chicago Urban

2005 (99-yr lease)

$1,830

$1,003 (lease proc.)

 

 

 

 

 

✔︎
(Asset Recycl.)

Indiana Toll Road

IN

Northern Indiana

2006 (75-yr. lease)

$3,800

$3,800 (lease proc.)

 

 

 

 

 

✔︎
(Asset Recycling)

E-470 Toll Road Solar

CO

Statewide

On-going

n.a.

$1 (20 yrs)

 

 

 

 

✔︎
(Solar Energy)

 

Transit/Multi-modal

South Lake Union Streetcar

WA

Seattle Urban

2007

$54

$25 (47%)

 

✔︎
(LID)

 

 

 

 

NoMa-Gallaudet U Metrorail Station

DC

Washing-ton

Urban

2004

$104

$35 (34%)

 

✔︎
(BID)

 

✔︎
(Land Dedication)

 

 

Airport MAX Red Line

OR

Portland Urban

2001

$126

$52 (41%)

✔︎
(URA)

 

 

 

✔︎
(JDA)

✔︎
(Private Contribution)

Potomac Yard Metrorail Station

VA

Alexandria Urban

On-going

$250

$250 (100%)

✔︎

✔︎

 

✔︎

 

 

Portland Streetcar

OR

Portland Urban

2012

$251

$56 (22%)

✔︎

✔︎
(LID)

 

 

 

 

Reno Transport. Rail Access Corridor

NV

Reno

Suburban

2006

$280

$17 (6%)

 

✔︎
(Sales Tax Dist)

 

 

 

✔︎
(Private Contribution)

Heartland Corridor

KY OHVA WV

Various

2015

$354

$144 (41%)

 

 

 

 

 

✔︎
(Private Contribution)

CTA Blue Line

IL

Chicago Urban

2019

$409

$9 (2%)

✔︎

✔︎
(Sales Tax District)

 

 

 

 

Atlanta Belt Line

GA

Atlanta Urban

On-going

$500

$221 (36%)

✔︎
(TAD)

 

 

 

 

✔︎
(Private Contribution)

Las Vegas Monorail

NV

Las Vegas Urban

2004

$650

n/a

 

 

 

 

 

✔︎
(Transp. Corp.)

Dallas Area Rapid Transit (DART)

TX

Dallas Urban

2014

$1,297

$1,065 (82%)

 

✔︎
(Sales Tax District)

 

 

 

 

Chicago Transit Authority

IL

Chicago Urban

2018-2022

$1,421

$678 (48%)

✔︎

✔︎
(Sales Tax District)

 

 

 

 

Moynihan Train Hall

NY

NYC  Urban

2020

$1,850

$230 (12%)

 

 

 

✔︎

✔︎
(JDA)

 

San Diego Assoc. of Governments (SANDAG)

CA

San Diego

Urban

2021

$2,017

$355 (18%)

 

✔︎
(Sales Tax Dist)

 

 

 

 

Transbay Transit Center (Phase 1) (Salesforce Tower)

CA

San Francisco Urban

2018

$2,260

$290 (13%)

 

✔︎
(CFD, Sales Tax District)

 

 

✔︎
(ROW Use, Naming Right)

Transit/Multimodal

Washington Metro. Area Transit Authority (WMATA)

DCMDVA

DC Metro Area

2004

$2,324

$560 (24%)

 

✔︎
(Sales Tax District)

 

 

 

 

Denver Regional Transport. District (RTD)

CO

Denver Urban

2014-2017

$2,531

$193 (8%)

 

✔︎
(Sales Tax District)

 

 

 

 

Dulles Corridor Metrorail

VA

Northern VA

2019

$5,683

$590 (10%)

 

✔︎
(LID)

 

 

 

 

Sound Transit

WA

Seattle Urban

2017-2021

$6,344

$2,131 (34%)

 

✔︎
(Sales Tax District)

 

 

 

 

LA Metro (LACMTA)

CA

Los Angeles Urban

2019-2025

$7,419

$2,361 (32%)

 

✔︎
(Sales Tax District)

 

 

 

 

CTA Corporate Partnership

IL

Chicago Urban

On-going

n/a

n/a

 

 

 

 

 

✔︎
(Corporate Sponsor)

Atlantic Ave Barclay Center Station

NY

Brooklyn Urban

On-going

n/a

$4 (n/a)

 

 

 

 

✔︎
(Naming Right)

 

South Lake Union Streetcar

WA

Seattle Urban

2007

$54

$25 (47%)

 

✔︎
(LID)

 

 

 

 

Telecom

Kentucky Wired

KY

Statewide

On-going (30 yrs)

$412

n/a

 

 

 

 

✔︎
(ROW Use)

 

n.a.= not available

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