Value capture seeks to use part of that windfall as a funding source for the transportation infrastructure. One approach is a Special Assessment District, where those who own land near the new station pay additional taxes, which in turn pay off the bond that was issued to build the station.
http://www.reconnectingamerica.org/resource-center/value-capture/
https://www.transitwiki.org/TransitWiki/index.php/Value-capture_finance
No comments:
Post a Comment