Value capture: Difference between revisions

[[File:Everybody-works-but-the-vacant-lot.jpg|thumb|right|600px|Everybody-works-but-the-vacant-lot.jpg]] '''Value capture''' is a type of [https://en.wikipedia.org/wiki/Public_financing public financing] that recovers some or all of the value that [https://en.wikipedia.org/wiki/Public_infrastructure public infrastructure] such as transit generates for private landowners. The concept may also be applied more generally to methods of capturing the value gain that result from [[Upzoning|upzoning]] or any change in the environment that is not attributed to actions of the landowner -- this is also called [[Land_value_tax|Land value tax]].

<blockquote>"Since we are with BS827 setting up special districts around transit stations anyway, we should set up them up special assessment districts, use the transit-value and up-zone value in land appreciation to derive revenues to put into a fund for: a) rental vouchers; b) school districts with new student need from the new developments and c) transit operations and support." &nbsp;</blockquote> <blockquote>SOOOOOOoo is there any info on the value capture strategy of which you speak? Yes! Yes there is! It has been bigily studied and described! It’s been implemented I places. It’s been evaluated:&nbsp;<br/> <br/> There’s this&nbsp;[http://www.cts.umn.edu/research/featured/value-capture big huge lineup of reports from researchers at the University of Minnesota.]<br/> <br/> There’s this discussion&nbsp;[https://www.citylab.com/transportation/2014/06/how-to-make-mass-transit-financially-sustainable-once-and-for-all/372209/ The Man Himself David Levinson writing for CityLab.]<br/> <br/> [https://www.apta.com/resources/reportsandpublications/Documents/APTA-Value-Capture-2015.pdf This friendly brief from APTA!] [http://www.reconnectingamerica.org/resource-center/value-capture/ This friendly informer from the High Speed Rail Advocacy folks.]<br/> <br/> This&nbsp;[https://www.sciencedirect.com/science/article/pii/S1877042812027590 nice summary paper from an open access journal.]<br/> <br/> This&nbsp;[http://www.trb.org/TCRP/Blurbs/175203.aspx nifty book from the Transportation Research Board (a secret Illuminati organization if there ever was one).]<br/> <br/> This&nbsp;[https://www.brookings.edu/wp-content/uploads/2016/06/0428_transportation_funding_levinson_istrate.pdf awesome report from Brookings.]<br/> <br/> This cool study on&nbsp;[http://www.mapc.org/wp-content/uploads/2017/09/MAPCValueCaptureExecSumm.pdf TOD Value Capture in Massachusetts.]<br/> <br/> This little blurb&nbsp;[http://iff.scag.ca.gov/Pages/ValueCapture.aspx from Smart Growth California folks at SCAG who have a really helpful discussion of tools that may be used in California!]<br/> <br/> This&nbsp;[https://www.lincolninst.edu/sites/default/files/pubfiles/special-assessment-california_0.pdf fantastic report from the Lincoln Land Institute.]&nbsp;That has a GREAT submission from Mr.&nbsp;Windfalls for Wipeouts&nbsp;Himself,&nbsp;Dean J. Misczynski, who fist published (brilliantly) about this particular topic in 1978.<br/> <br/> From&nbsp;[https://www.fhwa.dot.gov/ipd/value_capture/ FHWA here.] [https://nextcity.org/daily/entry/new-california-funding-tool-eifd-financing-la-river-makeover We might, for example, just tweak this approach a bit.]<br/> <br/> [http://www.draconsultants.com/aff-taxinc.html Some private consultants have been working on this VERY IDEA in affordable housing!]<br/> <br/> [https://en.wikipedia.org/wiki/Value_capture OH BOY OH BOY IT’S GOT ITS OWN WIKIPEDIA PAGE!!&nbsp;](A little light; David L, go fix it. )<br/> <br/> [https://www.planetizen.com/news/2018/01/96983-value-capture-takes-prominent-controversial-role-fixing-new-york-subway New York City is eyeballing it.]<br/> <br/> And of course, the very&nbsp;[http://www.vtpi.org/smith.pdf nice VTPI Report from Jeffery J. Smith and Thomas A. Gihring, which is a GIGANTICALLY LARGE annotated bibliography].</blockquote>

*Goldman, Michael. "[https://www.theurbanist.org/2017/10/17/affordable-housing-platform-seattle/ An Affordable Housing Platform for Seattle]." ''The Urbanist,&nbsp;''October 17, 2017.<br/> [https://www.theurbanist.org/2017/10/17/affordable-housing-platform-seattle/ https://www.theurbanist.org/2017/10/17/affordable-housing-platform-seattle/]<br/> ''"3.&nbsp;Capture land capital gains by charging a fee on development so that it scales with the value of the land. Then put those fees into non-profit housing development."''<br/> &nbsp;