Tax Increment Financing for Transit Projects (2020) / Chapter Skim
Currently Skimming:
Pages 5-9
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 5... ...
TCRP LRD 55 5 C Digest Organization Section II of this digest provides context for the study in several ways.
|
From page 6... ...
6 TCRP LRD 55 Funding for system operations comes largely from local sources. Whereas transit agencies may tap various federal grant programs to support investments in new buses, rolling stock, or fixed guideway systems, the federal government plays an especially small role in operational funding for transit.
|
From page 7... ...
TCRP LRD 55 7 Do Transit Capital and Operating Investments Affect Land Values? Given TIF's reliance on the ad valorem property tax, evidence of transit's contribution specifically to land values is needed.
|
From page 8... ...
8 TCRP LRD 55 value.36 In Canada, Dubé compared seven different BRT lines in Quebec City and found higher value uplift in places serviced by a greater number of bus services,37 suggesting that greater transit connectivity and frequency increases the value of a property. Much of the literature on transit and real estate, however, is indirect and speculative about the impact of service quality on property values.
|
From page 9... ...
TCRP LRD 55 9 Loudoun Counties in Virginia both have established Special Assessment Districts (SADs) , a related type of value capture, to fund the new Metro Silver Line, but the enabling legislations for these districts, specifically the Transportation Improvements sections, explicitly prohibit spending on operations and maintenance for the new service,47 48 even though the relevant statelevel enabling legislation does not prohibit such spending.49 This case suggests that the use of TIFs to support operational spending may face hurdles.
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.