Value capture for transportation finance

被引：21

作者：

Zhao, Zhirong ^{[1
]}

Iacono, Michael ^{[1
]}

Lan, Adeel ^{[1
]}

Levinson, David ^{[1
]}

机构：

[1] Univ Minnesota, Minneapolis, MN 55455 USA

来源：

TRANSPORT RESEARCH ARENA 2012 | 2012年 / 48卷

关键词：

Transportation economics; Land value; Finance and taxation; Urban economics; URBAN RAIL TRANSIT; PROJECTS;

D O I：

10.1016/j.sbspro.2012.06.1023

中图分类号：

U [交通运输];

学科分类号：

08 ; 0823 ;

摘要：

Value capture seeks to generate revenue by extracting a portion of the gains in the value of land that result from improvements to transportation networks. In this paper we identify value capture strategies, including land value taxes, tax increment financing, special assessments, transportation utility fees, development impact fees, negotiated exactions, joint development, and air rights. We evaluate each of the policies according to four criteria: efficiency, equity, sustainability, and feasibility. The value capture concept is placed within a more general framework of transportation finance that emphasizes the relationship between different types of charges and groups of beneficiaries from transportation investments. 2012 Published by Elsevier Ltd. Selection and/or leer review under responsibility of the Programme Committee of Transport Research Arena 2012

引用

页码：435 / 448

页数：14

共 16 条

[1]

Allen W. B., J TRANSPORTATION RES, V28, P50

[2] Value capture as a policy tool in transportation economics -: An exploration in public finance in the tradition Henry!George [J].