Guide to Value Capture Financing for Public Transportation Projects (2016) / Chapter Skim
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Pages 49-53
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From page 49... ...
. This project utilizes two value capture mechanisms: negotiated exaction and naming rights.
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The new commuter rail station was proposed as part of the Boston Redevelopment Authority's Brighton Guest Street Planning Study of 2012. The study stated that to support the first 500,000 to 700,000 ft2 of development in the area, new transportation infrastructure would be required (Boston Redevelopment Authority, 2012)
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From page 51... ...
is not fully built out, it is too early to determine whether NB Development Group has received an adequate return on investment for the new station. Because of brand benefits from the entire real estate development, it may be difficult to ever separate the impact of the station from the business case for the development.
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From page 52... ...
. This program provides financing for economic development projects.
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From page 53... ...
Some of the value of the station accrues to the New Balance brand and not necessarily to an easily calculated real estate bottom line. • Private infrastructure procurement advantages and disadvantages: Unlike most value capture projects in which the developer contributes to a transit agency's effort to build a station or transit line, NB Development Group is responsible for delivering most of the transit infrastructure, through a form of public–private partnership.
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