Guide to Value Capture Financing for Public Transportation Projects (2016) / Chapter Skim
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Pages 29-31
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Effective regulations related to land use, such as zoning and development, along with enabling statutory authority, can allow, support, and incentivize value capture. However, some regulations can also serve as barriers to value capture.
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In other jurisdictions, state-level authorization is required. Specific statutory authority or local authorization may be required for the application of value capture mechanisms such as TIF, special assessment districts, impact fees, and joint development.
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From page 31... ...
However, implementation of other value capture mechanisms, such as special assessment districts, actually benefits from the NEPA process. Obtaining NEPA clearance for a project sends a strong signal to the private development community that a public project sponsor is committed to project completion.
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