Getting our Money’s Worth: Using Value Capture to Fund Transit

wbez.org – excerpt

Even as the economy struggles, our growing regional population is demanding smarter investments to expand and improve transit. Given the scarcity of available public funds, governments are beginning to tap innovative financing tools such as variable parking pricing, public–private partnerships, and value capture around bus and rail stations. Because transportation networks and land values are closely linked, public investments in transportation infrastructure can increase the value of land surrounding these investments, benefiting landowners, developers and governments. This roundtable will explore how value capture and other innovative financing tools can generate revenue to finance transportation operations and future expansion, such as Bus Rapid Transit and upgrades…

Gabriel Metcalf, executive director of San Francisco Planning and Urban Research Association (SPUR) and member of the Transbay Joint Powers Authority Board of Directors, will describe how San Francisco is layering several financing tools, including tax increment financing, a special assessment, development impact fees, and a federal Transportation Infrastructure Finance and Innovation Act (TIFIA) loan, to build the new Transbay Transit Center. The new station will coordinate the Bay Area’s numerous transit systems, increase capacity and accessibility, and create one of the most transportation-rich-neighborhoods in the region. Gabriel will also discuss other innovative financing for transit used in San Francisco including sharing parking meter revenues and the Transit Impact Development Fee…

(more)

SFMTA continues to pay for new logos, PR, chest-puffing and spin while they cut Muni service.

 

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