TRB's National Cooperative Highway Research Program (NCHRP) Research Report 873: Guidebook to Funding Transportation Through Land Value Return and Recycling 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 assists users of the guide in presenting the concept and methods for using land value return and recycling to a broad audience. Appendix G is available online.
Table of Contents
|Chapter 1 - Guidebook Purpose and Overview||8-12|
|Chapter 2 - Understanding Land Value Return and Recycling||13-19|
|Chapter 3 - How Land Value Return Works||20-40|
|Chapter 4 - Funding Transportation with Land Value Return||41-66|
|Chapter 5 - Making Land Value Return Successful||67-76|
|Appendix A - Acronyms and Glossary||77-79|
|Appendix B - Summary of Case Examples||80-100|
|Appendix C - Common Questions and Answers||101-112|
|Appendix D - Legislative Aids||113-123|
|Appendix E - Economic Theory of Land Value Return and Recycling||124-128|
|Appendix F - Useful Resources and Prior Studies||129-133|
|Appendix G - NCHRP Project 19-13 Report||134-134|
|Appendix H - Implementation of Research Findings||135-139|
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