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Innovation in Public Transport Finance - Property Value Capture (Paperback)
Loot Price: R1,496
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Innovation in Public Transport Finance - Property Value Capture (Paperback)
Series: Transport and Mobility
Expected to ship within 12 - 17 working days
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With all levels of governments currently, and for the foreseeable
future, under significant fiscal stress, any new transit funding
mechanism is to be welcomed. Value capture (VC) is one such
mechanism, which involves the identification and capture of a
public infrastructure-led increase in property value. This book
reviews four major VC mechanisms: joint development projects;
special assessment districts; impact fees; and tax increment
financing; all of which are used to fund transit in the United
States. Through the study of prominent examples of these VC
mechanisms from across the US, this book evaluates their
performance focusing on aspects such as equity, revenue-generating
potential, stakeholder support, and the legal and policy
environment. It also conducts a comparative assessment of VC
mechanisms to help policy makers and practitioners to choose one,
or a combination of VC mechanisms. Although the book focuses on the
US, the use of the VC mechanisms and the urgent need for additional
revenue to fund public transportation are world-wide concerns.
Therefore, an overview of the VC mechanisms in use internationally
is also provided.
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