Good Transportation Creates Value · Value Capture Methods •Tax Increment Finance Districts •Special Assessment Districts •Impact Fees •Negotiated Exactions 10 •Joint Development

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2

Good Transportation Creates Value

Supports Economic Activity

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Federal Highway Trust Fund StatusBeing Prepared

Gap is the funding shortfall $16 B

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Time and Distance Relationship

Distance

Cost of Time and Transportation

As distance increases

from production or

shipping location the cost

of transportation and time

increase

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Relationship of Land Value & Distance

to Transportation

Land Value

Distance or Time

As distance increases from

transportation, the value of land

decreases

What Is Land Value Return and

Recycling?

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What Is Land Value Return and

Recycling

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Value Capture Beneficiaries

General Property

and Sales Taxes

Other real

estate-based

charges and

sales

Other land-based

charges

Developer Fees

TollsUse-

based Fees

Use-Based Taxes (Gas)

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Indirect

Beneficiary

Direct

Beneficiary

Value Capture

Focus

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https://www.nap.edu/login.php?action=guest&record_id=22382

Value Capture Information

PDF Version-------Available in April?

Value Capture Methods

• Tax Increment Finance Districts

• Special Assessment Districts

• Impact Fees

• Negotiated Exactions

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• Joint Development

• Land Value Tax

• Sales Tax Districts

• Transportation Utility Fees

• Air Rights

Implementing Value Capture---Value Return Methods

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Top Ten Ag Exporters

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$21.4

$10.6

$8.3

$7.1$6.6 $6.3

$4.6 $4.6 $4.5$4.0

$0

$5

$10

$15

$20

$25

CA IA IL MN NE TX IN ND KS WA

Billions