These essays and websites provide additional information and strategies related to infrastructure funding and financing.
GENERAL FUNDING AND FINANCING
- U.S. Department of Transportation Federal Highway Administration, Project Finance Primer 2010. http://www.fhwa.dot.gov/ipd/finance/resources/general/index.htm
This primer focuses on transportation, but provides a good overview of concepts that are also applicable to other types of infrastructure.
- Council of Development Finance Agencies. http://www.cdfa.net
Check out the infrastructure finance resources in the “Online Resource Database.” Note that some materials are behind a pay wall.
- Center for Transit-Oriented Development. “Capturing the Value of Transit.” Prepared for the U.S. Department of Transportation Federal Transit Administration, November 2008. http://reconnectingamerica.org/resource-center/books-and-reports/2008/capturing-the-value-of-transit-3/
Examines the potential to capture a portion of the value that transit confers on surrounding properties to fund transit infrastructure or related improvements in station areas. Answers questions including: Where does the value come from? What is the best way to measure it? And, most importantly, what is the best way to capture this value?
- Center for Transportation Studies. “Value Capture for Transportation Finance.” University of Minnesota, June 2009. http://www.cts.umn.edu/Research/featured/valuecapture/
Explores eight potential strategies to raise funding for transportation infrastructure investments such as new freeway interchanges, highways, or transit stations.
- Smith, Jeffrey J., and Thomas A. Gihring. “Financing Transit Systems Through Value Capture: An Annotated Bibliography.” Victoria Transport Policy Institute, May 27, 2012. http://www.vtpi.org/smith.pdf
Summarizes the findings of more than 100 studies concerning the impacts transit service has on nearby property values, and the feasibility of capturing a portion of the incremental value to finance transit improvements. The studies indicate that proximity to transit often increases property values enough to offset some or all of transit system capital costs.
ANCHOR INSTITUTION STRATEGIES:
SMART GROWTH AND TOD