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Corporate Author United States. Government Accountability Office.

Title Public transportation [electronic resource] : federal role in value capture strategies for transit is limited, but additional guidance could help clarify policies : report to congressional committees.

Imprint [Washington, D.C.] : U.S. Govt. Accountability Office, [2010]

Copies

Location Call No. OPAC Message Status
 Axe Federal Documents Online  GA 1.13:GAO-10-781    ---  Available
Description 1 online resource (ii, 50 p.) : ill.
File Type Text document (PDF).
Note Title from cover screen (GAO, viewed July 30, 2010).
System Details Mode of access: World Wide Web.
System requirements: Adobe Reader.
Note "July 2010."
Summary State and local governments are looking for alternative strategies to help fund transit systems. Value capture strategies -- joint development, special assessment districts, tax increment financing, and development impact fees -- are designed to dedicate to transit either a portion of increased tax revenue or additional revenue through assessments, fees, or rents based on value expected to accrue as a result of transit investments. GAO was asked to review (1) the extent to which transit agencies and local governments use joint development and other value capture strategies to fund or finance transit; (2) what stakeholders have identified as facilitators of, or hindrances to, the use of these; and (3) what stakeholders have said about the effects of federal policies and programs on the use of these strategies. GAO analyzed data from 55 of the 71 transit agencies that responded to its information request; reviewed literature, and statutes and regulations; and interviewed transit agency, local government, and Federal Transit Administration (FTA) officials; developers; and experts. The FTA should issue additional guidance on federal joint development requirements to clarify the types of developments eligible under current law, and requirements and conditions for parking replacement.
Bibliography Includes bibliographical references.
Note "GAO-10-781."
Subject United States. Federal Transit Administration -- Rules and practice -- Evaluation.
Local transit -- United States -- Finance.
Bus lines -- United States -- Finance.
Urban transportation -- United States -- Finance.
Transportation -- Finance -- Government policy -- United States.
Public-private sector cooperation -- United States.
Transit-oriented development -- United States.
Added Author Wise, David.
Added Title Federal role in value capture strategies for transit is limited, but additional guidance could help clarify policies
Gpo Item No. 0546-D (online)
Sudoc No. GA 1.13:GAO-10-781

 
    
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