Value Capture Finance Options for Transit in California
Mechanism | Responsible Party | Revenue Source | Revenue Timing | Uses | Considerations |
Impact Fee | City or County �(land use authority) | Developer | Immediate | Capital | Marginally suppresses development; competes with other fees |
Enhanced Infrastructure Financing District | City or County �(land use authority) | Property Tax Increment (above base, doesn’t affect schools) | Ongoing | Capital and Maintenance | Can be non-contiguous |
Joint Development | Transit Agency (on its owned land) | Buyer or Lessee | Immediate (sale) Ongoing (lease) | Capital, Operations, or Maintenance | Value increases with developable capacity; transfer of development rights is related strategy |
All Options: