Guide to Value Capture Financing for Public Transportation Projects (2016) / Chapter Skim
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Pages 44-46
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From page 44... ...
. Optimization of value capture and transit project viability requires agencies to engage early in partnerships with developers and local governments and to participate strategically in the process of real estate value creation.
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From page 45... ...
Partnerships between the transit agency, developers, and local government can be employed to reduce uncertainty and risk. The literature addressing integration of transit, land use planning, and value capture urges: • Early development of substantive dialogue between public entities and the public and private sectors (Vadali, 2014)
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From page 46... ...
For example, the transit agency or local government may be in the best position to negotiate TODfavorable terms and standards with fire marshals, transportation engineers, municipal planners, and zoning administrators. Articulating the value capture opportunity and solidifying public support are other important components benefitting from transit agency/local government cooperation.
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