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Value capture: Difference between revisions
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Schweitzer, Lisa. "[https://lisaschweitzer.com/2018/02/09/what-id-fix-about-sb827-aka-that-white-paper-has-sooooooo-been-written-already/ What I’d fix about SB827, aka that white paper has sooooooo been written already]." 02/09/2018. <br/> [https://lisaschweitzer.com/2018/02/09/what-id-fix-about-sb827-aka-that-white-paper-has-sooooooo-been-written-already/. https://lisaschweitzer.com/2018/02/09/what-id-fix-about-sb827-aka-that-white-paper-has-sooooooo-been-written-already/. ]
<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." '''''</blockquote>
on general idea of taxing land value, Schweitzer notes:
Henry George, ''Progress and Poverty. ''1879. [http://www.econlib.org/library/YPDBooks/George/grgPPCover.html http://www.econlib.org/library/YPDBooks/George/grgPPCover.html].
''LA Times ''op-ed by UCLA professors: <br/> Michael Manville, Paavo Monkkonen, and Michael Lens (2017). "[http://www.latimes.com/opinion/op-ed/la-oe-manville-monkonnen-linkage-fee-20170719-story.html A better way to solve the housing crisis—tax land, not development]." ''LA Times, ''JUL 19, 2017.<br/>
<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<br/> <br/> There’s this [http://www.cts.umn.edu/research/featured/value-capture big huge lineup of reports from researchers at the University of Minnesota.]'''''</blockquote>
<br/> Center for Transportation Studies, University of Minnesota. "[http://www.cts.umn.edu/research/featured/value-capture Value Capture for Transportation Finance]." 2008-2010
<blockquote>'''''There’s this discussion [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.]'''''</blockquote>
<br/> Levinson, David. "[https://www.citylab.com/transportation/2014/06/how-to-make-mass-transit-financially-sustainable-once-and-for-all/372209/ How to Make Mass Transit Financially Sustainable Once and for All]." CityLab, JUN 5, 2014
<blockquote>'''''[https://www.apta.com/resources/reportsandpublications/Documents/APTA-Value-Capture-2015.pdf This friendly brief from APTA!]'' '''</blockquote>
<br/> American Public Transportation Association (2015). "[https://www.apta.com/resources/reportsandpublications/Documents/APTA-Value-Capture-2015.pdf Value Capture for Public Transportation Projects: Examples]." August 2015.
<blockquote>'''''[http://www.reconnectingamerica.org/resource-center/value-capture/ This friendly informer from the High Speed Rail Advocacy folks.]'''''</blockquote>
<br/> Center for Transit-Oriented Development. "[http://www.reconnectingamerica.org/resource-center/books-and-reports/2008/capturing-the-value-of-transit-3/ Capturing the Value of Transit]." November 19, 2008.<br/> ["The Center for TOD is a partnership of the national nonprofit Reconnecting America, the Center for Neighborhood Technology, and Strategic Economics, an urban economics firm in Berkeley, CA"].<br/>
<blockquote>'''''This [https://www.sciencedirect.com/science/article/pii/S1877042812027590 nice summary paper from an open access journal.]'''''</blockquote>
Zhao, Zhirong, Michael Iacono, Adeel Lari, and David Levinson (2012). "[https://doi.org/10.1016/j.sbspro.2012.06.1023 Value Capture for Transportation Finance]." ''Procedia - Social and Behavioral Sciences. ''[open access]. <br/> <br/> Abstract<br/> "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."<br/>
<blockquote>'''''This [http://www.
Transportation Research Board (2016). "[http://www.trb.org/TCRP/Blurbs/175203.aspx Guide to Value Capture Financing for Public Transportation Projects]."<br/> "TRB's Transit Cooperative Research Program (TCRP) has released Research Report 190: Guide to Value Capture Financing for Public Transportation Projects. Value capture is the public recovery of a portion of increased property and other value created as a result of public infrastructure investment. The report identifies the requirements necessary for successful value creation through transportation infrastructure investment and capturing a portion of that value through specific value capture mechanisms. It includes six case studies that provide practical examples of successful value capture from public transportation investments."<br/>
<blockquote>'''''This [https://www.
David M. Levinson and Emilia Istrate. "[https://www.brookings.edu/wp-content/uploads/2016/06/0428_transportation_funding_levinson_istrate.pdf Access for Value: Financing Transportation Through Land Value Capture]." ''Brookings, ''April 2011. <br/> [https://www.brookings.edu/wp-content/uploads/2016/06/0428_transportation_funding_levinson_istrate.pdf https://www.brookings.edu/wp-content/uploads/2016/06/0428_transportation_funding_levinson_istrate.pdf].<br/> <br/> Abstract:<br/> "The worsening financial straits of governments at all levels pose a significant challenge to discretionary programs, such as transportation. The United States transportation system must become more efficient if it is to provide the same level of services with less money at all levels of government. At the same time, the competitive forces in the global economy require an increasingly effective U.S. transportation network, able to support a changing American economy. This study examines accessibility and its importance in assessing transportation performance and in creating a sustainable transportation funding source. It first delineates the concept of accessibility through a comparison with the common transportation performance metric of mobility. The paper then explains how accessibility can help fund transportation through a virtuous circle of access, land value, and transportation infrastructure. Local, state, and federal governments must better understand the structure and characteristics of value-capture policies if they are to develop their full potential as a sustainable funding source."
<blockquote>'''''This cool study on [http://www.
<blockquote>'''
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▲<blockquote>'''''This cool study on [http://www.mapc.org/wp-content/uploads/2017/09/MAPCValueCaptureExecSumm.pdf TOD Value Capture in Massachusetts.]'''''<br/> </blockquote> <blockquote>''This little blurb [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!]''</blockquote> <br>
<blockquote>'''''This [https://www.lincolninst.edu/sites/default/files/pubfiles/special-assessment-california_0.pdf fantastic report from the Lincoln Land Institute.] That has a GREAT submission from Mr. Windfalls for Wipeouts Himself, Dean J. Misczynski, who fist published (brilliantly) about this particular topic in 1978.'''''</blockquote>
<blockquote><br/> '''''From [https://www.fhwa.dot.gov/ipd/value_capture/ FHWA here.]'''''</blockquote>
<blockquote>'''''[https://nextcity.org/daily/entry/new-california-funding-tool-eifd-financing-la-river-makeover We might, for example, just tweak this approach a bit.]'''''</blockquote>
<br/>
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<blockquote>'''''[https://en.wikipedia.org/wiki/Value_capture OH BOY OH BOY IT’S GOT ITS OWN WIKIPEDIA PAGE!! ](A little light; David L, go fix it. )'''''</blockquote>
<blockquote>'''''[https://www.planetizen.com/news/2018/01/96983-value-capture-takes-prominent-controversial-role-fixing-new-york-subway New York City is eyeballing it.]'''''</blockquote> <br>▼
▲<blockquote>'''''[https://www.planetizen.com/news/2018/01/96983-value-capture-takes-prominent-controversial-role-fixing-new-york-subway New York City is eyeballing it.]'''''</blockquote>
<blockquote>'''''And of course, the very [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>
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*American Public Transportation Association (2015). "<br/> [https://www.apta.com/resources/reportsandpublications/Documents/APTA-Value-Capture-2015.pdf Value Capture for Public Transportation Projects:] [https://www.apta.com/resources/reportsandpublications/Documents/APTA-Value-Capture-2015.pdf Examples]." August 2015. [https://www.apta.com/resources/reportsandpublications/Documents/APTA-Value-Capture-2015.pdf https://www.apta.com/resources/reportsandpublications/Documents/APTA-Value-Capture-2015.pdf].<br/>
*Center for Transit-Oriented Development. "[http://www.reconnectingamerica.org/resource-center/books-and-reports/2008/capturing-the-value-of-transit-3/ Capturing the Value of Transit]." November 19, 2008<br/> [http://www.reconnectingamerica.org/resource-center/books-and-reports/2008/capturing-the-value-of-transit-3/ http://www.reconnectingamerica.org/resource-center/books-and-reports/2008/capturing-the-value-of-transit-3/].<br/> The Center for TOD is a partnership of the national nonprofit Reconnecting America, the Center for Neighborhood Technology, and Strategic Economics, an urban economics firm in Berkeley, CA.<br/>
*Center for Transportation Studies, University of Minnesota. "[ttp://www.cts.umn.edu/research/featured/value-capture Value Capture for Transportation Finance]." 2008-2010. [http://www.cts.umn.edu/research/featured/value-capture http://www.cts.umn.edu/research/featured/value-capture].<br/>
*George, Henry. ''Progress and Poverty. ''1879. [http://www.econlib.org/library/YPDBooks/George/grgPPCover.html http://www.econlib.org/library/YPDBooks/George/grgPPCover.html].<br/>
*Goldman, Michael. "[https://www.theurbanist.org/2017/10/17/affordable-housing-platform-seattle/ An Affordable Housing Platform for Seattle]." ''The Urbanist, ''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. 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/>
*Kaufman, Rachel. "[https://nextcity.org/daily/entry/new-california-funding-tool-eifd-financing-la-river-makeover New California Financing Twist Could Help L.A. River Makeover]." ''Next City. ''FEBRUARY 5, 2015.<br/> [https://nextcity.org/daily/entry/new-california-funding-tool-eifd-financing-la-river-makeover. https://nextcity.org/daily/entry/new-california-funding-tool-eifd-financing-la-river-makeover. ]<br/> on EIFDs (Enhanced Infrastructure Funding Districts). <br/>
*David M. Levinson and Emilia Istrate. "[https://www.brookings.edu/wp-content/uploads/2016/06/0428_transportation_funding_levinson_istrate.pdf Access for Value: Financing Transportation Through Land Value Capture]." ''Brookings, ''April 2011. <br/> [https://www.brookings.edu/wp-content/uploads/2016/06/0428_transportation_funding_levinson_istrate.pdf https://www.brookings.edu/wp-content/uploads/2016/06/0428_transportation_funding_levinson_istrate.pdf].<br/>
*Levinson, David. "[https://www.citylab.com/transportation/2014/06/how-to-make-mass-transit-financially-sustainable-once-and-for-all/372209/ How to Make Mass Transit Financially Sustainable Once and for All]." CityLab, JUN 5, 2014.<br/> [https://www.citylab.com/transportation/2014/06/how-to-make-mass-transit-financially-sustainable-once-and-for-all/372209/ https://www.citylab.com/transportation/2014/06/how-to-make-mass-transit-financially-sustainable-once-and-for-all/372209/].<br/>
*Manville, Michael, Paavo Monkkonen, and Michael Lens (2017). "[http://www.latimes.com/opinion/op-ed/la-oe-manville-monkonnen-linkage-fee-20170719-story.html A better way to solve the housing crisis—tax land, not development]." ''LA Times, ''JUL 19, 2017. [http://www.latimes.com/opinion/op-ed/la-oe-manville-monkonnen-linkage-fee-20170719-story.html http://www.latimes.com/opinion/op-ed/la-oe-manville-monkonnen-linkage-fee-20170719-story.html].<br/>
*Schweitzer, Lisa. "[https://lisaschweitzer.com/2018/02/09/what-id-fix-about-sb827-aka-that-white-paper-has-sooooooo-been-written-already/ What I’d fix about SB827, aka that white paper has sooooooo been written already]." 02/09/2018. <br/> [https://lisaschweitzer.com/2018/02/09/what-id-fix-about-sb827-aka-that-white-paper-has-sooooooo-been-written-already/. https://lisaschweitzer.com/2018/02/09/what-id-fix-about-sb827-aka-that-white-paper-has-sooooooo-been-written-already/. ]<br/>
*Transportation Research Board (2016). "[http://www.trb.org/TCRP/Blurbs/175203.aspx Guide to Value Capture Financing for Public Transportation Projects]."<br/> [http://www.trb.org/TCRP/Blurbs/175203.aspx http://www.trb.org/TCRP/Blurbs/175203.aspx]. DOI: 10.17226/23682.<br/>
*Wikipedia. "[https://en.wikipedia.org/wiki/Value_capture Value capture]." accessed 9 Feb 2018. [https://en.wikipedia.org/wiki/Value_capture. https://en.wikipedia.org/wiki/Value_capture. ]<br/>
*Zhao, Zhirong, Michael Iacono, AdeelLari, and David Levinson (2012). "[https://doi.org/10.1016/j.sbspro.2012.06.1023 Value Capture for Transportation Finance]." Procedia - Social and Behavioral Sciences, Volume 48, 2012, Pages 435-448. Open Access. <br/> [https://doi.org/10.1016/j.sbspro.2012.06.1023 https://doi.org/10.1016/j.sbspro.2012.06.1023].
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