Economic Development Research Group Blog

Value Capture, Transportation Investment, and Joint Development

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The Transportation Research Board's (TRB's) National Cooperative Research Highway Research Program (NCHRP) recently released Report 873: Guidebook to Funding Transportation Through Land Value Return and Recycling. With ongoing conversations at every level of government about the best and most equitable ways to pay for our transportation infrastructure, the distribution of benefits created by infrastructure, and the long-term sustainability of our land development patterns, this guidance could not be timelier. Value capture can be an important tool in the transportation toolbox because (a) it is an often-overlooked source of potential revenue and, (b) if pursued wisely can yield better outcomes overall by shaping development patterns to take advantage of a well-performing transportation system (or in some cases, creatively reusing currently underutilized space adjacent to transportation infrastructure). For this project, EDR Group, working as part of a team led by Texas A&M Transportation Institute (TTI), documented the implementation of a variety of value...
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