Value Capture Implementation Manual: Capitalizing on the Value Created by Transportation

Federal Highway Administration2019PDFTech ReportD'Angelo, DanielEdun, TayoHovy, PaulineLadley, HerbPage, SashaBishop, ThayNatzke, StefanUnited States. Federal Highway Administration. Office of Policy & Governmental AffairsUnited States. Federal Highway Administration. Office of Innovative Program DeliveryUnited States. Federal Highway Administration. Office of Policy & Governmental AffairsUnited StatesValue captureImplementationFinancePublic transitPublic private partnershipsReal estate developmentValue captureHighway financeTransit financeInnovative financePublic-private partnershipsReal estateTransit-oriented developmentFHWA-HIN-19-004This 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.95