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A Decision-Support Framework For Using Value Capture to Fund Public Transit: Lessons From Project-Specific Analyses
May 8, 2012|Mineta Transportation Institute
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Executive Summary
The federal government, through various transportation acts, such as the Intermodal Surface Transportation Efficiency Act (ISTEA), the Transportation Equity Act for the 21st Century (TEA-21), and, more recently, the Safe, Affordable, Flexible, Efficient Transportation Equity Act—A Legacy for Users (SAFETEA-LU), has reinforced the need for integration of land use and transportation and the provision of public transit. Other federal programs, such as the Livable Communities Program and the New Starts Program, have provided additional impetus to public transit. At the state and regional level, the past three decades have seen increased provision of public transit. However, the public transit systems typically require significant operating and capital subsidies—75 percent of transit funding is provided by local and state governments.1 With all levels of government under significant fiscal stress, new transit funding mechanisms are welcome. Value capture (VC) is once…
Parking Spaces / Community Places: Finding the Balance through Smart Growth Solutions
January 1, 2006|U.S. Environmental Protection Agency
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When you shop, you may visit a mall, or go to your town’s main street. At the mall, you probably cruise past rows and rows of empty parking, the spaces filled only one day a year. Maybe you head downtown, but can only find vacant storefronts. And where things are bustling, you can’t find convenient parking near the stores you want to visit. All three of these scenarios represent a “parking problem” that has a negative impact on other community goals. At the mall, overbuilt parking consumes land and wastes money. Downtown, storefronts may sit empty because new businesses that would like to move in can’t meet high parking requirements – and too little parking makes good businesses less viable.
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