Value capture strategies are powerful tools for transportation practitioners looking to increase the funding and financing available for their projects. As transportation improvements increase the value of land and property, these mechanisms allow some of that newly created value to contribute to future transportation projects. The FHWA reports at least 137 state and local jurisdictions implementing value capture strategies since 2019, allowing them to fund transportation projects that in turn drive growth and create jobs. More information can found on their official webpage.
Over the coming year, the FHWA will host seventeen webinars on value capture. Learning these strategies and incorporating them into organizational practices could have considerable positive ramifications for rural practitioners. Beyond saving time and money for future projects, these tools can ensure existing infrastructure is kept in good condition.
The first four webinars cover topics including:
- Using Value Capture Strategies to both maximize the benefit of federal funding and stimulate non-federal investment into projects. This webinar will be held on January 19th, 1pm-3pm ET. Register here.
- Using Value Capture Strategies to maintain and restore existing infrastructure, much of which is decades old and showing its age. This webinar will be held on February 9th, 1pm-3pm ET. Register here.
- Maximizing the spending power of raised revenue, utilizing innovative project bundling tools including asset bundling contracts. This webinar will be held on February 22nd, 1pm-3pm ET. Register here.
- The use of developer impact fees (DIFs), one-time fees for developers benefiting from transportation infrastructure to help pay for it. This webinar will be held on March 15th, 1pm-3pm ET. Register here.
You can view the full list of webinars and register to attend at this link. Space is limited, and attendees can request certificates of completion.