Can Location Value Capture Pay for Transit? Organizational Challenges of Transforming Theory into Practice
Bibliographic Data
| ID | 6404360 |
|---|---|
| Authors | Deborah Salon (0000-0002-2240-8408, Arizona State University, Tempe, AZ, USA, corresponding author), Elliott Sclar (Columbia University, New York, NY, USA), Elliott D Sclar (Columbia University), Richard Barone (Regional Plan Association, New York, NY, USA), Richard V Barone (Regional Plan Association) |
| Year | 2019 |
| Volume | 55 |
| Issue | 3 |
| Pages | 743-771 |
| Publication date | 2019-05-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Urban Affairs Review (JOURNAL) |
| Journal identifiers | ISSN: 1078-0874 • E-ISSN: 1552-8332 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/1078087417715523 |
| OpenAlex | W2565028666 |
| Language | EN |
| Citations received | 5 |
| References cited | 23 |
Successful public transit systems increase the value of locations they serve. Capturing this location value to help fund transit is often sensible, but challenging. This article defines location value capture and synthesizes lessons learned from six European and North American transit agencies that have experience with location value capture funding. The opportunities for and barriers to implementing location value capture fall into three categories: agency institutional authority, agency organizational mission, and public support for transit. When any of these factors is incompatible with a location value capture strategy, implementation becomes difficult. In four of the cases studied, dramatic institutional change was critical for success. In five cases, acute crisis was a catalyst for institutional change, value capture implementation, or both. Using value capture strategies to fund transit requires practitioners to both understand agency organizational constraints and view transit agencies as institutions that can transform in response to changing situations
Agency (philosophy · Business · Industrial organization · Political science · Public relations · Public transport · Public value · Sociology · Transit (satellite · Transport engineering · Value (mathematics · Value capture · Value creation · Computer Science · Engineering · Housing Market and Economics · Public Administration · Transportation Planning and Optimization · Urban Transport and Accessibility
The housing market value of public transport accessibility to employment in post-pandemic England
Value Capture In Situ
Upzoning and value capture
Explaining Value Capture Implementation in New York, London, and Copenhagen
Examining the Dynamics Between Formal and Informal Institutions in Progressive City Planning
Streetcar suburbs
Private and Public Enterprise in Europe
The Impact of Railway Stations on Residential and Commercial Property Value
A meta-analysis of the impact of rail projects on land and property values
The Street Railway in Massachusetts
Using Value Capture to Finance Infrastructure and Encourage Compact Development
Special Assessments as a Value Capture Strategy for Public Transit Finance
Access for All
Rail and Property Development in Hong Kong
Miles
Tramways and Trolleys
Financing Transit Systems Through Value Capture
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,71 |
| Citation span | 2019 - 2026 (8) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 5 |