To reconnect two major Atlanta employment districts, the Downtown Atlanta Master Plan suggests putting a cap on Interstate 85which runs below grade between Midtown and Downtown Atlanta. Value capture from new development proximate to the area’s MARTA station could help fund the project.
Tax Increment Financing
A month before a new streetcar line is scheduled to open in Milwaukee, WI, Mayor Tom Barrett and city officials are touting new city data showing a 27.9 percent increase in property values since construction of the line was announced in 2015 compared with a citywide increase of 13.4 percent over the same time period.
In Miami-Dade County, a newly created tax increment financing (TIF) zone is projected to raise $1.8 billion over 30 years for potential transit expansion projects.
Over the past decade, it has become increasingly clear that the presence of transit can increase property values and result in valuable development opportunities. In this era of constrained transit funding and widespread demand for new and expanded transit systems, policy makers, transit planners and elected officials are increasingly interested in harnessing a portion of … Continued
This webinar describes techniques for capturing the property value increases to pay for transit or other improvements.
This paper describes and evaluates tools and strategies that are being used to create mixed-income and affordable housing near transit in regions around the U.S. The first half of the paper explains how these various strategies are being used and the limitations and successes of each, and the second half discusses best practices and provides … Continued
Increasing Affordability With Location Efficiency This report discusses how providing for a mix of incomes in walkable, mixed-use neighborhoods near transit improves the already considerable benefits of having mixed-income neighborhoods by significantly reducing transportation costs. Creating mixed-income TOD deepens the affordability of housing because families can get by with one less car or no cars … Continued