Capturing the Value of Transit
|ID||Technical Report FTA CA-26-100|
|Published by||Federal Transit Administration|
|Published on||1 Nov 2008|
Prepared for the U.S. Department of Transportation, this report focuses specifically on the potential to capture increased property values for the purpose of funding transit. Although the amount of property value created in any particular location is influenced by a host of factors, the overall value premium for properties near transit appears to be increasing over time. This research suggests several key findings that will be useful when devising a value capture strategy that benefits both the public and the private sector.