Harnessing Value for Transportation Investment: A Summary of the Study: Value Capture for Transportation Finance

A team of University of Minnesota transportation and public policy researchers has identified eight potential strategies to raise funding for transportation infrastructure investments. When a large public facility is built--such as a new freeway interchange or transit station--the value of surrounding private property can go up, sometimes substantially. The eight strategies capture a part of this value. This document summarizes the strategies, their policy implications, and the legal considerations needed to use several of them in Minnesota.