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Guidebook to Funding Transportation Through Land Value Return and Recycling

Date:
May 02, 2018
Topics:
Economic Development, Funding and Finance, News, News Homepage

The Transportation Research Board National Cooperative Highway Research Program (NCHRP) Research Report 873: Guidebook to Funding Transportation Through Land Value Return and Recycling connects economic development and land use with funding for transportation.  The guidebook presents guidance on ways to mobilize some portion of property-value increases to fund maintenance and operations as well as investment in the infrastructure. Because local government typically has authority to deal with matters related to land use and land-related revenue-generating mechanisms, access to land value return and recycling—a subset of real estate–based value capture methods—may require enabling legislation or partnering with local agencies. This report includes examples of applications of land value return and recycling as well as model legislation and institutional structures to facilitate the strategy.  A PowerPoint presentation is also available.