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Guide to Value Capture Financing for Public Transportation Projects (2016) / Chapter Skim
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Appendix E: Kansas City Streetcar, Kansas City, MO
Pages 70-79

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From page 70...
... The city entered into a tri-party agreement with a voter-approved transportation development district and a city-created not-for-profit, the Kansas City Streetcar Authority, Inc., which specifies and oversees funding, design, construction, and ongoing operations and maintenance of the system. Prior to this successful streetcar initiative, three previous streetcar initiatives failed in Kansas City.
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From page 71...
... Kansas City downtown streetcar corridor map.
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From page 72...
... This partnership is governed and defined by a tri-party agreement that details the funding, design, construction, and ongoing operations and maintenance of the streetcar system. The city entered into an agreement with the Kansas City Downtown Streetcar Transportation Development District and the Table 15.
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From page 73...
... Table 17. Kansas City Streetcar Authority budget.
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From page 74...
... Missouri state law requires voter approval of a transportation development district. In 2012, the city and the Port Authority of Kansas City filed jointly for an election to form the TDD.
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From page 75...
... ; and – 40¢ for each $100 of assessed value for real property exempt from property tax, such as religious, educational, or charitable property, but only on market value of more than $300,000 and less than $50 million. • A supplemental special assessment on surface pay parking lots within the Phase 1 TDD boundary (not garages and not free parking lots)
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From page 76...
... 76 Guide to Value Capture Financing for public Transportation projects Source: Kansas City, 2016a. Figure 30.
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From page 77...
... Funds collected through the TDD will be used to retire these bonds. Every new structure built within the TDD adds revenue unanticipated in the pro forma TDD financial model, minimizing estimated future burdens on sales tax and assessment revenues.
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From page 78...
... Proposed Phase II extended TDD boundary map.
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From page 79...
... Creation of KCSA helped to provide confidence in the project for property owners who would support significant project costs. • Meaningful planning: Kansas City adjusted its zoning codes in the area immediately surrounding the streetcar line in order to capitalize and position the area for redevelopment.
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Key Terms

  • downtown streetcar
  • city streetcar
  • transportation development
  • special assessment
  • property owners

  • development district
  • streetcar project
  • parking lots
  • sales tax
  • tdd boundary

  • assessed value
  • downtown kansas
  • streetcar tdd
  • city downtown
  • special obligation

  • market value
  • real estate
  • pay parking
  • modern streetcar
  • tdd financial

  • tdd act
  • proposed tdd
  • expansion tdd
  • expanded tdd
  • property market

  • surface pay
  • revenue sources
  • commercial property
  • residential development
  • property owned


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