Abstract This paper examines joint development projects' ability to generate revenue for transit agencies. Using interviews, and primary and secondary text, the paper studies five joint development projects nation-wide and finds that revenue yield and stability from joint development projects vary widely. The paper argues that joint development projects benefit from supportive land use and zoning, and clear policy objectives and political direction. Finally, inflation-adjusted minimum guaranteed revenues and gross revenue sharing help enhance revenue yield and stability.
Highlights This paper examines joint development projects' ability to generate revenue for transit agencies. Yield and stability of joint development projects' revenues vary widely. Joint development projects benefit from supportive land use and zoning, and clear policy objectives and political direction. Inflation-adjusted minimum guaranteed revenues and gross revenue sharing enhance revenue yield and stability.
Land value capture to fund public transportation infrastructure: Examination of joint development projects' revenue yield and stability
Transport Policy ; 30 ; 327-335
2013-01-01
9 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Taylor & Francis Verlag | 2015
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